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Current Attempt in Progress First Bank is considering giving Wildhorse Company a loan. First, however, it decides that it would be a good idea to

Current Attempt in Progress

First Bank is considering giving Wildhorse Company a loan. First, however, it decides that it would be a good idea to have further

discussions with Wildhorse's accountant. One area of particular concern is the inventory account, which has a December

31

balance of $

365, 300 .

Discussions with the accountant reveal the following:

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