Concerning short-term financing methods

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Reference no: EM131616090

Which of the following concerning short-term financing methods is NOTtrue?

Firms generally have little control over the level of accruals.

Under the line of credit agreement, a client-firm is guaranteed to take out a loan up to a certain level.

Accruals and accounts payables do not carry explicit interest charges.

All of the answers are true.

Short-term bank loans typically do not require assets as collateral.

Reference no: EM131616090

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