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To Determine the Financial Condition of an Existing Business,it Is

question 7

Multiple Choice

To determine the financial condition of an existing business,it is necessary to compare ____ with ____ to identify where costs can be reduced or more money is needed.


Definitions:

Trade Credit

Credit extended by suppliers for the purchase of their goods and services.

Line of Credit

An arrangement by which a bank agrees to lend a specified amount of money to an organization upon request.

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