Spontaneous Sources of Financing Include

question 99

Multiple Choice

Spontaneous sources of financing include

• A) accounts payable and accrued expenses.
• B) notes payable and mortgages payable.
• C) long-term debt and capital leases.
• D) common stock and paid-in capital.

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Definitions:

Seal

A mark or impression placed on a written contract indicating that the instrument was executed and accepted in a formal manner.

Auctioneer

A person who conducts sales at auctions by accepting bids and declaring goods sold to the highest bidder.

Bid

An offer of a certain price for something, especially at an auction.

Withdraw

The act of removing money from a bank account, or retracting from a position or commitment.