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Umatilla Bank and Trust is considering giving Cullumber Company a loan. Before doing so , it decides that further discussions with Cullumber's accountant may be

Umatilla Bank and Trust is considering giving Cullumber Company a loan. Before doing so

,

it decides that further discussions with Cullumber's accountant may be desirable. One area of particular concern is the Inventory account, which has a year

-

end balance of $

277, 880 .

Discussions with the accountant reveal the following.

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