Multiple Choice
Which of the following is NOT an example of a positive debt covenant?
A) The company has to maintain a minimum level of working capital.
B) The company is restricted from doing mergers and acquisitions.
C) The company has to supply periodic cash flow statements to the lender.
D) The company has to supply annual audited statements to the lender.
Correct Answer:
Verified
Correct Answer:
Verified
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