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Accounts Receivable in the amount of $500,000 were assigned to Mariucci Finance Co. by Springfield as security for a loan. Ma

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Correct answer-------------$500,000.

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The commission of $15000 (500000 x 3%) is charged on 500000 that is the original full amount of accounts receivable.

Total AR $ 500,000.00
Less: Withheld amount $    75,000.00
Less: Commission (500000 x 3%) $    15,000.00
Amount paid   $ 410,000.00
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