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a. What is short-term credit, and what are the major sources ofcredit?b Is there a cost to accrued liabilities? Fully explain yourrationale.c. What control do the company's have over accruedliabilities?d. SPP is considering using secured short-term financing. Whatis a secured loan? What types of current assets can be used tosecure the loans?e. What are the differences between pledging receivables andfactoring receivables?
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