Answered: Which of the following is considered a…

Which of the following is considered a long-term source of finance?a) Bank overdraftb) Trade creditc) Issuing bondsd) Accounts payable

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 11Q: Note payments reduce cash and are related to long-term debt. Do these facts automatically lead to...

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Question

Which of the following is considered a long-term source of finance?
a) Bank overdraft
b) Trade credit
c) Issuing bonds
d) Accounts payable

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