1. On January 1 of the current year, Scott borrows $80,000, pledging the assets of his business as..
1. On January 1 of the current year, Scott borrows $80,000, pledging the assets of his business as.. [ad_1] 1. On January 1 of the current year, Scott borrows $80,000, pledging the assets of his business as collateral. He immediately deposits the money in an interest-bearing checking account. Scott already had $20,000 in this account. […]