______represents funds acquired for major purchases that will be repaid over a year or longer.
A)Long-term financing
B)Short-term financing
C)Asset funding
D)Liability funding

Question

Quizplus · Accepted Answer

Long-term financing represents funds acquired for major purchases that will be repaid over a year or longer, such as acquiring property, buying equipment, or launching a new product line. Short-term financing, on the other hand, is used for short-term needs, such as paying for inventory or covering operational expenses. Asset funding and liability funding are broader terms that encompass both long-term and short-term financing options.

______Represents Funds Acquired for Major Purchases That Will Be Repaid