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    Fundamentals of Financial Management Study Set 1
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    Exam 16: Working Capital Management
  5. Question
    The Facts That (1)no Explicit Interest Is Paid on Accruals
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The Facts That (1)no Explicit Interest Is Paid on Accruals

Question 10

Question 10

True/False

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

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