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Choose the correct answer in the following statements about financial and real assets. a. Toyota takes out a bank loan to finance the construction of
Choose the correct answer in the following statements about financial and real assets. a. Toyota takes out a bank loan to finance the construction of a new factory. Toyota creates a real asset-the factory. The loan is a financial transaction asset that is created in the b. Toyota pays off its loan. When the loan is repaid, the financial asset is destroyed but the real asset continues to exist. C. Toyota uses $10 million of cash on hand to purchase additional inventory of spare auto parts. The cash is a financial asset that is traded in exchange for a real a sset, inventory
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