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Entities being a withholding agent uses the withhold

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19.Entities, being a withholding agent, uses the withhold amounts (SSS, PH and Taxes) for their working capitalAccrued expenses provide the firm with automatic spontaneous sources of financinga.True, falseb.True, truec.False, Falsed.False, trueAnswer: B
20.Accounts receivable as a source of financing may be, except
FINANCIAL MANAGEMENT
21.Stretching trade credit is delaying payment which might have a negative result, which is
22.A revolving credit is
23.A bank’s credit line or a line of credit agreement can be equated toa.A bank overdraftc.An unsecured bank loanb.A bank loand.All of theseAnswer: B
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