Which of the following represents a source of short-term funding?
A) retained earnings
B) commercial paper
C) common stock
D) corporate bonds

Question

Quizplus · Accepted Answer

Commercial paper is a short-term debt instrument with a maturity of less than 270 days that is issued by companies to finance short-term financial obligations such as payroll, accounts payable, or inventory purchases. Retained earnings, common stock, and corporate bonds are not sources of short-term funding.

Which of the Following Represents a Source of Short-Term Funding