Indicate whether each of the following statements is true or false.
1. Some long-term loans have variable interest rates
2. Cash for acquiring machinery or buildings is often obtained by issuing long-term debt
3. Short-term notes payable normally mature within a year
4. Installment notes payable usually have terms of 2-5 years
5. Most businesses finance part of their activities with long-term debt

Question

Quizplus · Accepted Answer

The Answer of Indicate whether each of the following statements is true or false.
1. Some long-term loans have variable interest rates
2. Cash for acquiring machinery or buildings is often obtained by issuing long-term debt
3. Short-term notes payable normally mature within a year
4. Installment notes payable usually have terms of 2-5 years
5. Most businesses finance part of their activities with long-term debt

Indicate Whether Each of the Following Statements Is True or False