Which of the following actions is an example of "window dressing?"
A) Borrowing by using short-term notes payable and then using the proceeds to retire long-term debt.
B) Borrowing on a long-term basis and using the proceeds to retire short-term debt.
C) Offering discounts to customers who pay with cash rather than buy on credit and then using the funds that come in quicker to purchase fixed assets.
D) Using some of the firm's cash to reduce long-term debt.
E) Any action that does not improve a firm's fundamental long-run position and thus increases its intrinsic value.

Question

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The Answer of Which of the following actions is an example of "window dressing?"
A) Borrowing by using short-term notes payable and then using the proceeds to retire long-term debt.
B) Borrowing on a long-term basis and using the proceeds to retire short-term debt.
C) Offering discounts to customers who pay with cash rather than buy on credit and then using the funds that come in quicker to purchase fixed assets.
D) Using some of the firm's cash to reduce long-term debt.
E) Any action that does not improve a firm's fundamental long-run position and thus increases its intrinsic value.

Which of the Following Actions Is an Example of "Window