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Assume that on the note's maturity date, Pina informs Kingbird that it...

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Accounting

Assume that on the note's maturity date, Pina informs Kingbird that it is having cash flow problems and can only pay Kingbird only 90% of the note's face value. After extensive discussions with Pina's management, Kingbird's credit and collections department considers the remaining balance of the note uncollectible
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