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Question 17 If a note receivable is dishonored: O it means the customer failed to pay the note's maturity value at the maturity date. it
Question 17 If a note receivable is dishonored: O it means the customer failed to pay the note's maturity value at the maturity date. it means the customer paid the note's principal only at the maturity date. it means the customer paid interest only at the note's maturity date. it means the customer made a full payment at the note's maturity date. Question 18 If the allowance method is used to account for valuing uncollectible accounts, when will the company debit the bad debt expen account? Whenever the accountant darn-well feels like it When the sale is made O At the end of the period, when the estimate is recorded When the account is determined to be uncollectible
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