Which of the following is considered a source of long-term financing?

QUESTION

Which of the following is considered a source of long-term financing?

A) trade credit
B) factoring
C) commercial paper
D) credit cards
E) equity financing

ANSWER

Answer: E
Explanation: E) Sources of short-term financing are trade credit, short-term loans, factoring, and commercial paper. Sources of long-term financing are long-term loans, debt financing, and equity financing