________ represents funds acquired for major purchases that will be repaid over a year or longer.

Question

Quizplus · Accepted Answer

Long-term financing represents funds acquired for major purchases that will be repaid over a year or longer. It refers to the process of obtaining funds from investors or creditors with the intention of using these funds to finance the purchase of long-term assets, such as machinery, equipment, or property. Long-term financing includes both debt financing and equity financing.

________ Represents Funds Acquired for Major Purchases That Will Be