Which of the following is true of a maturity date?

1. It must be calculated in days, not in months or years.
2. It is the date when principal and interest on a note are to be repaid to the lender.
3. It is the date of establishment of note terms between a lender and customer.
4. It is not a characteristic of a note receivable.

Which of the following is not a way to manage earnings?

1. Change the method for bad debt estimation.
2. Change the figure for the uncollectible percentage.
3. Under the balance sheet aging method, change the past-due categories.
4. Change the dates of common stock issuance.

Which of the following estimation methods considers the amount of time past due when computing bad debt?

1. balance sheet method
2. direct write-off method
3. income statement method
4. balance sheet aging of receivables method