All of the following are examples of restrictive debt covenants EXCEPT
A. prohibition on selling accounts receivable.
B. supplying the creditor with audited financial statements.
C. constraint on subsequent borrowing.
D. prohibition on entering certain types of lease arrangements.
Answer:B
All of the following are examples of restrictive debt covenants EXCEPT
A. prohibition on selling accounts receivable. B. supplying the creditor with audited financial statements. C. constraint on subsequent borrowing. D. prohibition on entering certain types of lease arrangements.