Trade credit and accrual accounts are always costless sources of spontaneous financing for the firm.

Name: Trade credit and accrual accounts are always costless sources of spontaneous financing for the firm.
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Quizplus · Accepted Answer

While trade credit and accrual accounts may not incur explicit interest charges, they have implicit costs such as loss of discounts for prompt payment, reducing future bargaining power with suppliers, and potential harm to the firm's credit rating if payments are missed.

Trade Credit and Accrual Accounts Are Always Costless Sources of Spontaneous