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December 2011 old line is having liquidity problems old

BackgroundFixed assets are the primary asset of Old Line Manufacturing Company (Old Line). As of December 2011, Old Line is having liquidity problems. Old Line's borrowing base is limited to 60% of its net fixed assets.

The CFO has been entertaining the idea of changing from US GAAP to IFRS.

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Accounting Basics: December 2011 old line is having liquidity problems old

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Accounting Basics: December 2011 old line is having liquidity problems old

Reference No:- TGS0764266

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