Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 11Q: Note payments reduce cash and are related to long-term debt. Do these facts automatically lead to...
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14. Making a credit decision is based upon all of the following except which?
a. character
b. capital
c. complaint
d. Collateral
15. Statement I: The aggressive approach to working capital financing is where the company finances temporary current assets, some or all of its permanent current assets, and possibly some of its long-term capital assets with short-term debt.
Statement II: The conservative approach to working capital financing is where the company finances temporary current assets, some or all of its permanent current assets, and possibly some of its long-term capital assets with short-term debt.
Which of the above statements is/are true?
a. I only
b. II only
c. Both I and II
d. Neither I nor II
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