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betterway betterway
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The purpose of the restrictive debt covenant that prohibits the sale of accounts receivable is to ________.
A) assure the lender that additional borrowing is constrained
B) limit the amount of fixed-payment obligations
C) limit the realization of current assets to cash
D) limit the payment of annual cash dividends
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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donnabandonnaban
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betterway Author
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7 years ago
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