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Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Rebate cards are most useful for consumers who charge a lot and [maintain | do not maintain] large balances on their cards.
Note Receivable
A written promise to pay a specified amount of money, along with interest, by a certain date, recognized as an asset on the balance sheet.
Fiscal Year
A one-year period that companies and governments use for accounting purposes and preparation of financial statements, which may or may not align with the calendar year.
Calendar Year
A one-year period that begins on January 1 and ends on December 31, used as a financial and administrative period for many purposes.
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