Short-Term Notes Payable Typically Arise Because

question 48

Multiple Choice

Short-term notes payable typically arise because

• A) the firm temporarily requires cash for operations.
• B) cash is received from customers prior to the rendering of services or delivery of products.
• C) the board of directors have declared a dividend that will be paid at a later date.
• D) cash is received as security that will be paid back in the future.

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