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1. |
State the nature of accounting information required to long term lenders |
Answer» The long-term lenders are interested in knowing\xa0if they are likely to get their money back or not. They\xa0look particularly at the liquidity of the business, i.e.,\xa0the ability of the company or organisation to repay its debts and its interest\xa0when\xa0they become due. They just want to judge the repaying capacity of the business. | |