Indicate whether each of the following statements is true or false.
_____ a) Long-term debt is frequently used to purchase current assets such as supplies.
_____ b) Cash for machinery or buildings is often obtained by issuing long-term debt.
_____ c) Short-term notes payable normally mature within a year.
_____ d) Long-term installment notes are repaid all at once two to five years after the issue date.
_____ e) Most long-term loans are obtained from the corporation's stockholders.

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The Answer of Indicate whether each of the following statements is true or false.
_____ a) Long-term debt is frequently used to purchase current assets such as supplies.
_____ b) Cash for machinery or buildings is often obtained by issuing long-term debt.
_____ c) Short-term notes payable normally mature within a year.
_____ d) Long-term installment notes are repaid all at once two to five years after the issue date.
_____ e) Most long-term loans are obtained from the corporation's stockholders.

Indicate Whether Each of the Following Statements Is True or False