A revolving line of credit would be considered

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Reference no: EM132068841

1. A revolving line of credit would be considered:

A) An agreement to borrow up to a specific total amoumt on demand from a bank

B) A one-time short-term, unsecured, amortized loan

C) A secured loan to be amortized over three to five years

D) A long-term, permanent source of funding

2. Which of the following would not be considered a use of cash?

A) Dividends

B) Decreased accounts payable

C) Depreciation

D) Increased accounts receivable

Reference no: EM132068841

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