By Definition,an Inventory Loan Is Which One of the Following

question 27

Multiple Choice

By definition,an inventory loan is which one of the following types of loan?

• A)unsecured long-term loan
• B)secured long-term loan
• C)trust receipt loan
• D)secured short-term loan
• E)unsecured short-term loan

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Definitions:

Copyright

The exclusive right that is granted by the federal government to sell and reproduce literary, musical, or artistic works for a period of time.

Plant Asset

Long-term tangible assets that are used in the operations of a business and are not intended for sale, such as machinery, buildings, and equipment.

Machine Account

An account used in bookkeeping to track the costs and depreciation of a company's machinery.

Residual Value

Estimated value of an asset after all the allowable depreciation has been taken.