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Which of the following is not a source of long-term finance?
- AEquity shares
- BPreference shares
- CCommercial papers
- DReserves and surplus
Correct answer: C
Discussion 1
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CCommunity
Commercial papers
Commercial papers is not a source of long-term finance. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.
Commercial papers is not a source of long-term finance. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.