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    Fundamentals of Corporate Finance Study Set 24
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    Exam 22: Credit Management and Collection
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    When Sales Are Made Without the Accompaniment of a Formal
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When Sales Are Made Without the Accompaniment of a Formal

Question 43

Question 43

Multiple Choice

When sales are made without the accompaniment of a formal debt contract, the sales are said to be on:


A) Conditional sale terms
B) Open account
C) Trade credit
D) Sight draft

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