are the most common form of non-current liabilities and a certificate is issued showing the conditions of the loan. A. Leases B. Bonds C. Registered-term loans D. Debentures Reset Selection Mark for Review What’s This? stion 12 of 35 1 Points Paul is the owner of a sport store that specialises in extreme sports such as paragliding and wakeboarding. To entice customers to spend more he has recently launched store credit, subject to approval. Which one of the following is a cost of granting credit that Paul must be aware of? A. The loss of customer goodwill B. Insurance cost C. Loss of flexibility D. Loss of interest Reset Selection Mark for Review What’s This? stion 13 of 35 1 Points The side of the statement of financial position reflects the possessions of the business A. asset B. liability C. income


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