A line of credit and seasonal loan is required to finance the flexible component of the current asset accounts.

Name: A line of credit and seasonal loan is required to finance the flexible component of the current asset accounts.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A line of credit and seasonal loan are indeed used to finance the flexible (or fluctuating) component of current asset accounts, allowing businesses to adjust their financing based on seasonal variations in inventory and accounts receivable.

A Line of Credit and Seasonal Loan Is Required to Finance