Which of the following involves borrowed funds that will be repaid within one year or less?
A) long-term financing
B) open credit
C) current capital
D) short-term financing

Question

Quizplus · Accepted Answer

Short-term financing involves borrowed funds that will be repaid within one year or less. Long-term financing involves borrowed funds that will be repaid over a period of more than one year. Open credit refers to a type of credit arrangement where the buyer has the option to purchase goods or services on credit and pay it back later. Current capital refers to the money a company has available to finance its day-to-day operations.

Which of the Following Involves Borrowed Funds That Will Be