The following information is taken from the accounts of Spratt Ltd. 
-What were the proceeds from the sale of plant?
Definitions:
Committed Line Of Credit
A credit facility where the bank agrees to lend a specified amount of money to the company over a certain period of time.
Inventory Loan
A loan that is secured by the inventory of the borrower, providing companies with the capital needed to purchase products for sale.
Debenture
Unsecured debt, usually with a maturity of ten years or more.
Line Of Credit
An arrangement between a financial institution and a customer that establishes a maximum loan balance that the borrower can access.
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