Why might having to repay a loan in these circumstances be disastrous for a company?

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Frank Woods Business Accounting Volume 2

ISBN: 9781292085050

13th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Sep 10, 2023 12:25 AM

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Why might having to repay a loan in these circumstances be disastrous for a company?

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The company might struggle to find the cash to repay the loan It may have to sell off noncurrent as...View the full answer

Frank Woods Business Accounting Volume 2

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