ANSWERS TO QUESTIONS

Accounts receivable—Trade (of which accounts in the amount. of $75,000 have been assigned as security for loans payable) ($523,000 + $75,000) $598,000. Federal income tax refund receivable 15,500. Advance payments on purchases 61,000. Investments . Advance to subsidiary 45,500. Other Assets. Travel advance to employee 22,000 ................
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