The Primary Source of Secured Short-Term Loans to Businesses Are

question 3

Multiple Choice

The primary source of secured short-term loans to businesses are

• A) savings and loans and factors.
• B) commercial banks and commercial finance companies.
• C) life insurance companies and government securities brokers.
• D) commercial paper dealers and investment bankers.

---

Definitions:

Financial Reports

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.

Dividends Account

A dividends account is used in accounting to track dividends paid out to shareholders during a specific period; it represents a distribution of a portion of a company's earnings.

Time Period Assumption

An accounting principle that assumes a business's complex and ongoing activities can be divided into specific time periods such as months, quarters, or years for reporting purposes.

Reporting Time Periods

The specific intervals for which financial reports are prepared, such as quarterly or annually, to provide stakeholders with timely financial information.