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AICPA Exam CPA-Business Topic 1 Question 9 Discussion
Actual exam question for
AICPA's
CPA Business Environment and Concepts exam
Question #: 9
Topic #: 1
[All CPA Business Environment and Concepts Questions]
Topic #: 1
Which one of the following provides a spontaneous source of financing for a firm?
Suggested Answer:
A
Choice 'a' is correct. Accounts payable provide a spontaneous source of financing for a firm.
Choice 'b' is incorrect. Accounts receivable take time to factor.
Choices 'c' and 'd' are incorrect.
Each of the following take time to issue:
C Debentures.
D Preferred stock.
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