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Exit VCEDump BUSINESS-ENVIRONMENT-AND-CONCEPTS Certified Public Accountant (Business Environment amd Concepts)

Q79 Single choice

Which one of the following statements is most correct if a seller extends credit to a purchaser for a period of time longer than the purchaser's operating cycle? The seller:

A
Will have a lower level of accounts receivable than those companies whose credit period is shorter than the purchaser's operating cycle.
B
Is, in effect, financing more than just the purchaser's inventory needs.
C
Is, in effect, financing the purchaser's long-term assets.
D
Has no need for a stated discount rate or credit period.

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