May 1, 2021, the company ACG pignoro assigned 5,500,000 of their Account by Cabrar paid a pre-love granted by a financial institution of $ 400,000. The financial institution charged a charge of 2 of pledged accounts and an interest rate of 10% on the loan. How much electricity received by ACG on May

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 10MC: On January 1, 2019, Park Company accepted a 36,000, non-interest-bearing, 3-year note from a major...
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On May 1, 2021, the company ACG pignoro assigned 5,500,000 of their Account by Cabrar paid a pre-love granted by a financial institution of $ 400,000. The financial institution charged a charge of 2 of pledged accounts and an interest rate of 10% on the loan. How much electricity received by ACG on May 1?
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