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You recently joined a firm as a partner. After working as a partner for 6 months, you will attend a business loan renewal meeting. You

You recently joined a firm as a partner. After working as a partner for 6 months, you will attend a business loan renewal meeting. You will find that all accounts receivable are the collateral for the loan. Have you a problem with the use of collateral accounts? Why or why not?

Please answer my questions. I'll upvote for you. Thanks in advance.

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