Multiple Choice
Which of the following represents spontaneous financing?
A) The origination of a 9-month bank loan
B) The issuance of a note payable with a maturity of less than one year
C) An increase in accounts payable resulting from the purchase of inventories on 30-day credit
D) a and c
E) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
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