Question
A noncommitted line of credit is a formal agreement that allows a corporation to borrow up to a prearranged limit and also usually requires a
A noncommitted line of credit is a formal agreement that allows a corporation to borrow up to a prearranged limit and also usually requires a commitment fee to have access to the funds.
True / False
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Step: 1
1 False Uncommitted or non committed line of credit where the lender is not allowed or ...
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
