Long-term debt financing is normally used to provide working capital to finance inventory,accounts receivable,and operation of the business.

Name: Long-term debt financing is normally used to provide working capital to finance inventory,accounts receivable,and operation of the business.
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Question

Quizplus · Accepted Answer

Long-term debt financing is typically used for acquiring assets, expanding operations, or other large investments, not for short-term working capital needs which are usually covered by short-term financing options.

Long-Term Debt Financing Is Normally Used to Provide Working Capital