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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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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Question Posted: Mar 04, 2023 12:17 AM

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Explain how an operating line of credit can help a companys liquidity and why it is considered

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An operating line of credit or credit facility is used by a business to overcome sh...View the full answer

Financial Accounting Tools For Business Decision Making

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