question archive On August 1, 2015 Trico Technologies an areonutic electronics company, borrows $19
Subject:AccountingPrice: Bought3
On August 1, 2015 Trico Technologies an areonutic electronics company, borrows $19.4, million cash to expand operation the loan is made by firstBanc Corp. under a short-term line of credit arrangement. Trico signs a six-month, 9% promissory note. Interest is payble at matunity Trico year-end is December 31.