a) List three of the most common sources of short-term finance for entities. b) Explain the advantage

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a) List three of the most common sources of short-term finance for entities.
b) Explain the advantage of limited liability to companies.
c) Explain how limited liability can be a disadvantage to some parties in business.

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Accounting Business Reporting For Decision Making

ISBN: 9780730302414

4th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

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Question Posted: Mar 21, 2016 02:20 AM

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a) List three of the most common sources of short-term finance for entities. b) Explain the advantage

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a Accrued wages and taxes Trade credit Bank overdrafts Commercial bills and promissory not...View the full answer

Accounting Business Reporting For Decision Making

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