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When was the Interstate Commerce Act passed?
Allowance Method
An accounting technique used to estimate and record bad debts expense by anticipating uncollectible accounts.
Note Receivable
A financial asset representing a written promise to receive a specific amount of money at a future date.
Dishonored Note
A promissory note that has not been paid by the maker at the time of maturity, resulting in default.
Promissory Note
A financial document in which one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time or on demand.
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