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intermediate accounting On July 1 st, Ampeg Inc. assigned ( $ 260,000 ) of its receivables as collateral for a ( $ 200,000 ) note

intermediate accounting On July 1 st, Ampeg Inc. assigned \( \$ 260,000 \) of its receivables as collateral for a \( \$ 200,000 \) note from Citi 2 Bank. The bank-assigned terms for this secured borrowing are as such: 3 * Am 2 answers

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