Kk.427. Which of the following is a spontaneous source of financing?I. accounts receivableII. accounts payableIII. long-term debtIV. line of creditV. accrued expensesSelect one: a. I and Il b. I and IV c. II and III d. II and V

Spontaneous source of financing arising result of the firm's day-to-day business operations.…

Which of the following is a spontaneous source of financing . accounts receivable I. accounts payable II. long-term debt V. line of credit W. accrued expenses Select one: a. I and II b. I and IV c. II and III d. II and V

Which of the following is a spontaneous source of financing . accounts receivable I. accounts payable II. long-term debt V. line of credit W. accrued expenses Select one: a. I and II b. I and IV c. II and III d. II and V

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Kk.427.

Which of the following is a spontaneous source of financing?
I. accounts receivable
II. accounts payable
III. long-term debt
IV. line of credit
V. accrued expenses
Select one: a. I and Il b. I and IV c. II and III d. II and V

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