Which of the Following Common Contingencies Is Usually Included with a Permanent

question 31

Multiple Choice

Which of the following common contingencies is usually included with a permanent financing agreement?

• A)Completion date for construction phase
• B)Minimum rent-up requirements
• C)Materials used in construction phase
• D)Cleanliness of work area

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Definitions:

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of a company.

Cash Flow

The net amount of cash and cash equivalents being transferred into and out of a business.

Dividends Payable

A liability recorded on the company's balance sheet for dividends that have been declared by the board of directors but have not yet been paid to shareholders.

Operating Activities

Transactions and events that relate to the primary operations of the company, such as sales and services.