Question: Assume that on the note's maturity date, Pina informs Kingbird that it is having cash flow problems and can only pay Kingbird only 9 0

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

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

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