Appropriate collateral for a secured short-term loan is
A. fixed assets.
B. raw materials inventory and receivables.
C. common stock in a privately-held corporation.
D. work-in-process inventory.
Answer:B
Appropriate collateral for a secured short-term loan is
A. fixed assets. B. raw materials inventory and receivables. C. common stock in a privately-held corporation. D. work-in-process inventory.