Duromart is an American multinational retailer corporation that runs chains of large discount department stores and warehouse stores.Which of the following actions of Duromart is an example of availing short-term credit?
A) The company issues bonds with a face value of $10 to raise money.
B) The company issues debentures that offer 8 percent interest.
C) The company pledges its assets to obtain a mortgage loan.
D) The company opens a trade credit account with a major bank.
E) The company leases a plot of land that it owns to raise money.
Correct Answer:
Verified
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