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Cullumber Ltd. signed an instalment note on January 1, 2020, in settlement of an account payable of $39,500 owed to Mott Ltd. Cullumber is able

Cullumber Ltd. signed an instalment note on January 1, 2020, in settlement of an account payable of $39,500 owed to Mott Ltd. Cullumber is able to borrow funds from its bank at 10%, whereas Mott can b...

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