Which of the following type of loan is best used for temporary shortfalls of income? a. Secured loans b. Long Term Loan c. Line of Credit d. Short-Term Loan
Which of the following type of loan is best used for temporary shortfalls of income? a. Secured loans b. Long Term Loan c. Line of Credit d. Short-Term Loan
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15Q: What business circumstance could produce a short-term notes payable created from a loan?
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Question
Which of the following type of loan is best used for temporary shortfalls of income?
a.
Secured loans
b.
Long Term Loan
c.
Line of Credit
d.
Short-Term Loan
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