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Harvard Co. assigned $700,000 of accounts receivable to Rayan Finance Co. as security for a loan of $500,000. Rayan charged a 2% commission on the
Harvard Co. assigned $700,000 of accounts receivable to Rayan Finance Co. as security for a loan of $500,000. Rayan charged a 2% commission on the amount of the loan; the interest rate on the note was...
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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th edition
978-1337614689
