When projection statements show only a small amount of additional funds needed, which of the following is an appropriate choice?
A) increase long- term debt
B) decrease long- term debt
C) increase in the bank line of credit
D) increase prepaid expenses

Question

Quizplus · Accepted Answer

When projection statements show only a small amount of additional funds needed, increasing the bank line of credit is an appropriate choice because it provides the necessary funds without committing to long-term debt, allowing for more flexible and short-term financial management.

When Projection Statements Show Only a Small Amount of Additional