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on october 1 2023 larkspur inc assigned $3.6 million of its account receivable to Alberta provincial bank as collateral for a $ 3.3 million loan

on october 1 2023 larkspur inc assigned $3.6 million of its account receivable to Alberta provincial bank as collateral for a $ 3.3 million loan evidenced by loan. the bank charges are as follows. a finance charge of 4.4% of the assigned receivable and interest charge of 10% on the loan

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