What Is the Primary Source of Debt Capital for Existing

question 43

Multiple Choice

What is the primary source of debt capital for existing businesses?

• A) Commercial banks
• B) Government programs
• C) Finance companies
• D) Factors
• E) Trade credit

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Definitions:

Negligence

A failure to exercise reasonable care or diligence, resulting in harm or damage; in tax terms, it refers to the lack of care in complying with tax laws, potentially leading to penalties.

Automatic Extension

A provision that allows taxpayers additional time to file their tax returns without penalty.

Extension to File

An allowance by the IRS granting taxpayers additional time to file their income tax returns, beyond the April 15 deadline, without penalty for late filing.

Extension of Time

An allowance by the IRS giving taxpayers extra time to file their tax returns beyond the original due date.