Question
The following forms of short-term borrowing are available to a firm: ?Floating lien ?Factoring ?Revolving credit ?Chattel mortgages ?Bankers? acceptances ?Lines of credit ?Commercial paper
?Floating lien
?Factoring
?Revolving credit
?Chattel mortgages
?Bankers? acceptances
?Lines of credit
?Commercial paper
The forms of short-term borrowing that are unsecured credit are
Floating lien, revolving credit, chattel mortgage, and commercial paper.
Factoring, chattel mortgage, bankers? acceptances, and line of credit.
Floating lien, chattel mortgage, bankers? acceptances, and line of credit.
Revolving credit, bankers? acceptances, line of credit, and commercial paper.
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
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