A banker is analyzing a company that operates in the petroleum industry. Which of the following might

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A banker is analyzing a company that operates in the petroleum industry. Which of the following might be a major consideration in determining whether the company should receive a loan?

a. The petroleum industry suffers from political pressures concerning the selling price of its products.

b. Inflation has been high for several years in a row.

c. All companies in the petroleum industry use the same accounting principles.

d. The company has a large amount of interest payments related to many outstanding loans.

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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