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Primary asset of old line manufacturing company

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Reference no: EM13496329

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.

Reference no: EM13496329

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