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On what date will the note mature

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Reference no: EM133144023

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Q1. If a company issues a note receivable on April 17 and it is a 90-day note with a 4.5% interest rate, on what date will the note mature (become due)?

Q2. Why do we use the allowance method to estimate bad debts that we think will occur from receivables?

Reference no: EM133144023

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