UNDERSTANDING BUSINESS-W/ACCESS>CUSTOM<
UNDERSTANDING BUSINESS-W/ACCESS>CUSTOM<
11th Edition
ISBN: 9781259691980
Author: Nickels
Publisher: MCG CUSTOM
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Chapter 18, Problem 3CT
Summary Introduction

To think critically about: The reason behind firm generally prefers to borrow funds to obtain long term financing rather than issue share of stock.

Introduction: Long term sources of financing refers to capital expenditure in purchase of fixed assets like plant, machinery and building so that benefit will be received for a longer period of time say 10 years.

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