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A.R. of $2 million was assigned to company B on March 1, 2020 by company A As a security for a loan that was $1.5
A.R. of $2 million was assigned to company B on March 1, 2020 by company A As a security for a loan that was $1.5 million
Company be charged 3% fee on assigned accounts and the interest rate on the note is 12%
What is the cash balance, interest expense balance, and Notes payable balance for company A on marxh 1st
*Service fee equals interest expense*
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