Standby letters of credit are classified

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Reference no: EM131952772

1. Which of the following will increase a firm's need for additional funds?

An increase in the firm's average collection period

An increase in the retention ratio

A decrease in sales growth

An increase in accrued wages

2. Standby letters of credit are classified as

on-balance-sheet assets.

off-balance-sheet assets.

off-balance-sheet liabilities.

on-balance-sheet liabilities.

equity capital.

Reference no: EM131952772

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