Accounts payable are spontaneous secured sources of short-term financing that arise from the normal operations of a firm.

Name: Accounts payable are spontaneous secured sources of short-term financing that arise from the normal operations of a firm.
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Accounts payable are indeed spontaneous sources of short-term financing arising from normal operations, but they are not secured; they are unsecured because they do not require collateral.

Accounts Payable Are Spontaneous Secured Sources of Short-Term Financing That