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On november 1 , year 1 a company borrowed 1 4 , 0 0 0 , 0 0 0 cash to fund a project. The

On november 1, year 1 a company borrowed 14,000,000 cash to fund a project. The loan was made by a bank under a noncomitteD short term line of credit arrangement. The company issued nine-month, 15% promissory note

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