AFP
CTP · Question #278
(Topic 3) A company is experiencing the following long-term trend on a month-over-month basis: With all other income, expenses, long-term assets and liabilities remaining stable, this trend would…
The correct answer is B. Repaying short-term debt. See the full explanation below for the reasoning.
Question
- (Topic 3)
A company is experiencing the following long-term trend on a month-over-month basis:
With all other income, expenses, long-term assets and liabilities remaining stable, this trend would MOST LIKELY prompt what action by the company?
Options
- AFinancing working capital requirements
- BRepaying short-term debt
- CReducing labor costs
- DFactoring accounts receivable
How the community answered
(36 responses)- A14% (5)
- B75% (27)
- C8% (3)
- D3% (1)
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