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| Which one of the following statements is most likely to be true if a seller extends credit to a purchaser for a period of time longer than the purchaser’s operating cycle? ?The seller A. Will have a lower level of accounts receivable than those companies whose credit period is shorter than the purchaser’s operating cycle. B. Is, in effect, financing more than just the purchaser’s inventory needs. C. Can be certain that the purchaser will be able to convert the inventory into cash before payment is due. D. Has no need for a stated discount rate or credit period. |