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  3. Study Set
    Principles of Finance
  4. Exam
    Exam 7: Analysis of Financial Statements
  5. Question
    When a Firm Pays Off a Loan Using Cash,the Source
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When a Firm Pays Off a Loan Using Cash,the Source

Question 55

Question 55

True/False

When a firm pays off a loan using cash,the source of funds is the decrease in the asset account,cash,while the use of funds involves a decrease in a liability account,debt.

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