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    Financial Accounting Study Set 30
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    Exam 3: The Income Statement
  5. Question
    When a Growing Company fiNds It Needs to Buy More
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When a Growing Company fiNds It Needs to Buy More

Question 69

Question 69

True/False

When a growing company finds it needs to buy more inventory before cash has been collected from customers, they often use short term credit such as trade or notes payable to finance the inventory purchases.

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