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  3. Study Set
    Intermediate Financial Management
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    Exam 21: Working Capital
  5. Question
    Facts (1) That No Explicit Interest Is Paid on Accruals
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Facts (1) That No Explicit Interest Is Paid on Accruals

Question 81

Question 81

True/False

facts (1) that no explicit interest is paid on accruals and (2) that the firm can control the level of these accounts at will makes them an attractive source of funding to meet working capital needs.

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