Accrued wages and accrued taxes are considered to be A) ...

[lracut11]

Accrued wages and accrued taxes are considered to be
 
  A) secured sources of short-term financing.
  B) current assets.
  C) spontaneous sources of unsecured short-term financing.
  D) permanent sources of financing because companies must always pay wages and taxes.

Question 2

Capital rationing may be imposed because of all of the following EXCEPT
 
  A) management has a fear of debt.
  B) the company's stock price is at an historically high level.
  C) capital market conditions are poor.
  D) stockholder control problems prevent issuance of additional stock.

[Liddy]

Answer to Question 1

C

Answer to Question 2

B