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Which type of conflict is generally considered the least stressful?
Formal Written Instrument
A legally binding document or contract clearly outlining the terms and conditions agreed upon by the parties involved.
Credit
The trust which allows one party to provide resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources (or other materials of equal value) at a later date.
Notes Receivable
Written promises for amounts to be received by a business, typically including interest, from individuals or other entities.
Bad Debt Expense
An expense reported on the income statement due to receivables that are not expected to be collected.
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