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A firm constructing a new manufacturing plant and financing it with short-term loans, which are scheduled to be converted to first mortgage bonds. When the

A firm constructing a new manufacturing plant and financing it with short-term loans, which are scheduled to be converted to first mortgage bonds. When the plant is completed, the firm wants to separate the construction loan from its current liabilities associated with working capital when calculating net working capital.

a. Trueb. False

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