Inventories and Accounts Receivable Are the Assets Most Commonly Used

question 123

True/False

Inventories and accounts receivable are the assets most commonly used as collateral for short-term financing.

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Definitions:

Coelom

A fluid-filled body cavity found in most multicellular animals that is lined by tissue derived from mesoderm.

Flatworms

A group of invertebrates known for their flattened bodies, belonging to the phylum Platyhelminthes.

Milkfish

A tropical marine fish important as food in Southeast Asia, known scientifically as Chanos chanos, often farmed in brackish water ponds.

Protostomes

A group of animals in which the mouth develops before the anus during early embryonic development.