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QUESTION #13 A company makes a strategic decision to increase sales by offering extended terms to customers, expecting its average collection period to grow permanently

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QUESTION \#13 A company makes a strategic decision to increase sales by offering extended terms to customers, expecting its average collection period to grow permanently from 30 to 45 days. A loan made to finance the additional working capital could be repaid from all of the following sources EXCEPT: a. Contribution of additional equity by the owners b. Proceeds from the sale of a long-term investment c. Collection of receivables on their due dates d. Receipt of customer deposits upon placement of orders

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