The Fact That No Explicit Interest Is Paid on Accruals,and

question 56

True/False

The fact that no explicit interest is paid on accruals,and that the firm can vary the level of these accounts,makes accruals an attractive and flexible source of funding to meet increased working capital needs.

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Patents

Legal rights granted to inventors that give them exclusive rights to use, make, and sell their invention for a certain period of time.

Songs

Musical compositions that are sung or played by voices or instruments.

Primarily Rental

Refers to a property whose main use is for renting out to tenants rather than as a primary residence for the owner.

Personal Use

Utilization of property or services for individual or family needs, rather than for business or investment purposes.