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    Principles of Accounting Study Set 1
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    Exam 6: Accounting for Merchandising Operations
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    If It Takes 45 Days to Sell Inventory,30 Days to Collect
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If It Takes 45 Days to Sell Inventory,30 Days to Collect

Question 4

Question 4

True/False

If it takes 45 days to sell inventory,30 days to collect for the sale,and creditors' payment terms are 60 days,the financing period is 135 days.

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