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The Largest Annual Supply of External Funds for Business Corporations

question 202

Multiple Choice

The largest annual supply of external funds for business corporations comes from issuance of which one of the following sources?


Definitions:

Promissory Note

A financial instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand.

Credit Card Sales

Transactions where customers use credit cards to purchase goods or services, requiring merchants to process payments through a credit card network.

Direct Write-Off Method

An accounting method where uncollectible debts are charged directly to expense as they are identified.

Trade Receivables

The total amount of money owed to a company by its customers for goods or services delivered on credit.

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