Explain how an operating line of credit can help a companys liquidity and why it is considered
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Explain how an operating line of credit can help a company’s liquidity and why it is considered more flexible than most other bank loans such as mortgages.
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An operating line of credit or credit facility is used by a business to overcome sh...View the full answer
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119594574
8th Canadian Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
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