If One of Your Firm's Customers Is "Stretching" Its Accounts

question 44

True/False

If one of your firm's customers is "stretching" its accounts payable, this may be a nuisance but it does not represent a real financial cost to your firm as long as the customer periodically pays off its entire balance.

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Definitions:

Inaccuracy

The quality of being incorrect or not precise, often leading to errors in understanding or representation.

Newsworthy

Information or events considered significant or interesting enough to be reported in the news media.

Homicides

The act of killing another human being, either lawfully or unlawfully.

Perpetrator

An individual who commits an offensive, illegal, or evil act.