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Simplify the expression. Assume that the variables in the denominator are nonzero.
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Bad Debts
Accounts receivable that are considered to be uncollectible, representing losses to the company.
Promissory Note
A monetary tool that includes a formal pledge from one entity to another to pay a certain amount of money, either when asked or on a predetermined date in the future.
Maturity Date
The date on which the principal amount of a loan, bond, or other financial instrument becomes due and payable.
Pledges Receivables
Amounts promised to be paid by donors to a fundraising organization or a charitable cause.
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