Reesa Mork is a multinational corporation that has good credit ratings. It issues promissory notes to other companies. Based on the given information in the scenario, it appears that Reesa Mork uses _____ as a short-term financing option to other companies.
A. commercial paper
B. factoring
C. line of credit
D. trade credit
Answer: A
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Which one of the following statements is true concerning assets?
a. They are recorded at market value and then adjusted for inflation. b. They are recorded at market value for financial reporting purposes as historical cost may be arbitrary. c. Assets are used using the time-period approach. d. Accountants use the term historical cost to refer to the original cost of an asset.
Co-producing guests do not typically serve as ______.
a. capacity planners b. trainers of other guests c. supervisors d. unpaid consultants
Which of the following is not true about a 35 percent stock dividend?
a. The market value of the stock is needed to record the stock dividend. b. Retained earnings decreases. c. Contributed capital increases. d. Par value per share remains the same.
Shania resolves conflict with her groupmates by emphasizing her own goals and making sure that she “wins” in each exchange where she has something to lose. What conflict-handling style is Shania employing?
a. avoiding b. dominating c. compromising d. integrating