Which company will need long-term funds?Multiple ChoiceA computer company wants to expand its business by acquiring a software training company.While filling a crucial order, a piece of the company’s equipment needed emergency repairs.A new grocery chain opened up and ran a temporary promotional program to get shoppers into the store.A local gift shop has a poorly managed inventory that is seriously affecting its cash flow.

Solution:- Long term funds are those funds which are required for expansion of business or to…

Answered: Which company will need long-term…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.4AP

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Which company will need long-term funds?

Multiple Choice

A computer company wants to expand its business by acquiring a software training company.
While filling a crucial order, a piece of the company’s equipment needed emergency repairs.
A new grocery chain opened up and ran a temporary promotional program to get shoppers into the store.
A local gift shop has a poorly managed inventory that is seriously affecting its cash flow.

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