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What are lines of credit

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Q1. What are lines of credit? From the view point of a short term creditor, why do lines of credit increase a company's liquidity? How are the unused portions of these lines presented in financial statements?

Q2. What are the advantages to a retailer of making credit sales only to customers who use nationally recognized credit cards?

Q3. How does an annual audit by a CA firm provide assurance that a company's accounts receivables and notes receivables are fairly presented in a company's financial statement?

Q4. Coco Cola's distinctive trade mark is valuable to the company. Why isn't it listed as an asset on company financial statements?

Reference no: EM132525665

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