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ABC corporation needs $100,000 bank loan to pay its bills. If the bank requires 20% compensating balance, and the ABC Corporation does not currently holds
ABC corporation needs $100,000 bank loan to pay its bills. If the bank requires 20% compensating balance, and the ABC Corporation does not currently holds funds with the bank. How much ABC has to borrow from the bank? O $100,000 O $125,000 $80,000 O $145,000
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Auditing A Business Risk Approach
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
8th edition
978-0538476232
