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a receivable due from Int'l Films for the amount of the Summit
and Basking Ridge receivables, $180,800, $201,200 less a credit
of $10,300 that was treated as a "loan repayment" from Basking
Ridge, and $10,100 credit for a "loan repayment" from Summit.
The sources of the credits are not shown in the record. In
addition to the receivables, IRA transferred to Int'l Films its
interest in a partnership called 1984 Development valued at
$86,420.
In 1987, receivables were again reshuffled. On December 17,
1987, Int'l Films' records reflected receivables owing by
Ballard, Lisle, and their trusts totaling $582,682, as shown
here:
Int'l Films Receivables
Ballard $35,784
Ballard 160,900
CMB Cinema 70,650
CMB II 16,675
Summit 96,100
CMB Cinema Ventures 250
Subtotal 380,359
Lisle 28,284
RWL Cinema 21,500
RWL II 67,839
Basking Ridge 84,700
Subtotal 202,323
Total 582,682
On December 17, 1987, Int'l Films had additional receivables
totaling $538,243 owing by the following entities in the amounts
shown:
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