The two major sources of short-term financing are
29) The two major sources of short-term financing are
A) accounts receivable and notes payable. B) accounts payable and accruals.
C) a line of credit and accruals. D) a line of credit and accounts payable.
TRUE/FALSE. Write ‘T’ if the statement is true and ‘F’ if the statement is false.
30) Fixed assets are the most desirable short-term loan collateral since they normally have a longer life,
or duration, than the term of the loan.
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