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rhialways659 rhialways659
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An open account credit occurs when a firm grants

▸ credit to customers who have an open bank account.

▸ trade credit to customers who have an account with the firm.

▸ trade credit to customers who have depository accounts.

▸ trade credit to customers by collateralizing the assets sold to the customer.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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isaw09isaw09
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