Accruals and Accounts Payable Are Sources of Short- Term Financing

question 7

Multiple Choice

Accruals and accounts payable are sources of short- term financing.

• A) negotiated, unsecured
• B) negotiated, secured
• C) spontaneous, secured
• D) spontaneous, unsecured

---

Definitions:

Working Papers

Documents that contain the work progress, research, or findings of an individual or group, commonly used in academic or professional settings for review or publication.

Tax Records

Documents and files that pertain to the tax history of an individual or entity, including tax returns, payments, receipts, and other pertinent information.

Court

An institution that the government sets up to settle disputes through a legal process, providing a platform for the enforcement of laws and the administration of justice.

Reasonable Care

A legal standard that requires individuals to act with the degree of caution and concern for the safety of others that a reasonably prudent person would in similar circumstances.