The purpose of the restrictive debt covenant that prohibits the sale o
The purpose of the restrictive debt covenant that prohibits the sale of accounts receivable is to ________.
A) assure the lender that additional borrowing is constrained
B) limit the amount of fixed-payment obligations
C) limit the realization of current assets to cash
D) limit the payment of annual cash dividends
ANSWER
C
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.