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In a series of experiments,Claude Steele and Joshua Aronson (1995) had both African-American and Anglo-American students at Stanford University take a verbal test.In one condition,the test was described as a valid measure of intelligence,and in the other condition,the test was described as neither a reliable nor valid measure of intelligence.In the former condition,African-Americans performed more poorly than did Anglo-Americans because
Installment Accounts Receivable
Money owed to a company for goods or services purchased on a payment plan, typically including interest charges.
Aging of Accounts Receivable
A report or process that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding.
Promissory Note
A written promise to pay a specified sum of money to a certain entity at a specified date or on demand.
Maturity Date
The date on which a financial obligation must be repaid in full.
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