Multiple Choice
Which of the following statements is true?
A) The useful life of the financed asset must be less than the maturity of the loan.
B) An entrepreneur should try to camouflage any weaknesses in the small business.
C) Projected financial statements should prove the company's ability to repay the loan.
D) Officers' personal assets that can be used as collateral must be included in the financial statement.
Correct Answer:
Verified
Correct Answer:
Verified
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