Which of the Following Is Not a Source of Short-Term

question 263

Multiple Choice

Which of the following is not a source of short-term funds?

• A)Trade credit
• B)Accounts receivable
• C)Commercial paper
• D)Line of credit

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Definitions:

Revenue

Income generated from normal business operations or other sources, serving as a company's primary source of income.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a particular accounting period.

Net Operating Income

The revenue earned from normal business operations after deducting operating expenses but before interest and taxes.

Activity Variance

The difference between the planned activity level of cost-driving activities and the actual level incurred, impacting the budget or costing analysis.