AICPA Exam CPA-Business Topic 2 Question 10 Discussion

Actual exam question for AICPA's CPA Business Environment and Concepts exam

Question #: 10
Topic #: 2

Which one of the following financial instruments generally provides the largest source of short-term credit for small firms?

AInstallment loans.

BCommercial paper.

CTrade credit.

DBankers' acceptances.

Show Suggested Answer

Suggested Answer: C

Choice 'c' is correct. Trade credit generally provides the largest source of short-term credit for small firms.

Choices 'a', 'b', and 'd' are incorrect, per the above Explanation:.

by Marvel at May 08, 2022, 05:32 AM

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