Since prices are extremely low, the Pipeline Supply Company wants to purchase a special line of pipes
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Since prices are extremely low, the Pipeline Supply Company wants to purchase a special line of pipes from a company going out of business. Pipeline, however, will need to borrow money to make this deal. Which assets will Pipeline most commonly pledge as collateral for this short-term loan?
a. delivery equipment
b. notes payable
c. manufacturing equipment
d. owners’ equity
e. inventory
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Related Book For
Foundations Of Business
ISBN: 9780538744515
2nd Edition
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor
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