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Which of the following statements is true?
Accounts Receivable
Accounts receivable refers to the money owed to a company by its customers for goods or services delivered but not yet paid for, representing a line of credit from the company to the customer.
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term health and efficiency of its operations.
Spontaneous Financing
Financing that arises naturally from the operations of a company, such as trade credit that increases as sales grow, without requiring explicit negotiation or arrangements.
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term liquidity and operational efficiency.
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