Which of the following concerning short-term financing methods is NOTtrue? ...
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Accounting
Which of the following concerning short-term financing methods is NOTtrue?
| Firms generally have little control over the level of accruals. |
| Under the line of credit agreement, a client-firm is guaranteed to take out a loan up to a certain level. |
| Accruals and accounts payables do not carry explicit interest charges. |
| All of the answers are true. |
| Short-term bank loans typically do not require assets as collateral. |
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