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    Intermediate Financial Management Study Set 2
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    Exam 21: Working Capital Management
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    The Fact That No Explicit Interest Cost Is Paid on Accruals
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The Fact That No Explicit Interest Cost Is Paid on Accruals

Question 79

Question 79

True/False

The fact that no explicit interest cost is paid on accruals, and that the firm can exercise considerable control over their level, makes accruals an attractive source of additional funding.

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