Which of the Following Is a Basic Source of Capital

question 189

Multiple Choice

Which of the following is a basic source of capital for a firm ?

• A) short-term debt
• B) discounts from suppliers
• C) current liabilities
• D) common stock

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Definitions:

Charges

Fees or financial obligations imposed on an individual or entity for services, penalties, or debts.

Certified Check

A check guaranteed by a bank, verifying that the signer has enough funds available and that the signature is genuine.

Cashier's Check

A check issued by a bank, drawn on its own funds and signed by a cashier, guaranteeing payment.

Liable

The condition of being legally accountable for specific actions or responsibilities, particularly in relation to debts or legal duties.