Long-term borrowings are used for working capital or to finance the purchase of property or equipment.

Name: Long-term borrowings are used for working capital or to finance the purchase of property or equipment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Long-term borrowings are typically used for financing major capital expenditures such as property or equipment purchases, as well as for providing additional working capital to a company over a long period of time.

Long-Term Borrowings Are Used for Working Capital or to Finance