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Which one of the following statements is NOT true? a. Long-term financing strategy relies on long-term debt to finance both capital assets and working capital.

Which one of the following statements is NOT true? a. Long-term financing strategy relies on long-term debt to finance both capital assets and working capital. b. Companies using a matching maturity strategy fund all working capital needs with short-term borrowing. c. All working capital and a portion of fixed assets are funded with short-term debt when companies use the aggressive funding strategy. d. Companies using matching maturity strategy fund all working capital needs with long-term borrowing.

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