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This excerpt taken from the AN 10-K filed Feb 17, 2010. 2. RECEIVABLES, NET The components of receivables, net of allowance for doubtful accounts, at December 31 are as follows:
Contracts-in-transit and vehicle receivables represent receivables from financial institutions for the portion of the vehicle sales price financed by our customers. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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