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AICPA CPA-Business Exam - Topic 2 Question 10 Discussion

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

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

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:.


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7 comments · newest first
AD
Adelle 11 months ago
Surprised to hear that, I always thought banks were the go-to.
TE
Tegan 12 months ago
Trade credit has worked wonders for my business!
BU
Buddy 12 months ago
Really? I thought commercial paper was more popular.
VO
Vonda 12 months ago
Totally agree, trade credit is super common!
TI
Tijuana 1 year ago
Trade credit is usually the biggest source for small firms.
JE
Jeannetta 1 year ago
This seems straightforward enough. I'll review the event logs, system errors, and commands to see what's going on and how to fix it.
JA
Jaime 1 year ago
Okay, let me think this through. If I was the BA, I'd want to try to reproduce the issue first to get a better understanding of what's going on. That way I can provide more context when I assign the bug.
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