Determine the due date and amount of interest due at maturity on the following notes:
Definitions:
Agricultural Activity
The management by an entity of the biological transformation and harvest of biological assets for sale or for conversion into agricultural produce or into additional biological assets.
AASB 141
An accounting standard regarding agriculture under the Australian Accounting Standards Board that guides the accounting for agricultural activity.
AASB 141
Refers to the Australian Accounting Standard on Agriculture, guiding on the accounting for agricultural activity including the recognition and measuring of biological assets.
Biological Assets
Living plants or animals that are used in agricultural activities from which agricultural produce is harvested, accounted for under specific accounting standards.
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