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pls help thank u ABC Bank lent funds to XYZ Company...

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Accounting

pls help thank u
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ABC Bank lent funds to XYZ Company that included certain debt covenants. Those debt covenants may be used by ABC Bank to: designate the composition of the board of directors. designate limits or thresholds for specified financial ratios. give an opportunity for the lender to increase the interest rate on a loan. limit the amount a company can sell on account

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