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Barclay Financed the Purchase of Inventory from Suppliers by Borrowing

Question 49

Multiple Choice

Barclay financed the purchase of inventory from suppliers by borrowing money from his company's bank.A condition of the loan was the requirement for Barclay to provide monthly financial statements to the bank's manager.What is the condition called?


A) company liability
B) loan negotiation
C) promissory note
D) loan covenant

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