Which of the following is an example of a creditor? A government agency funded a...

90.2K

Verified Solution

Question

Accounting

Which of the following is an example of a creditor?
A government agency funded a grant written by a company and does not expect repayment.
A bank loaned money to a company and expects to be paid back at the end of the year.
An individual purchased a company's stock on a national stock market and expects to receive dividends.
A company provided inventory for another company and expects to be paid with cash at the time of purchase.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students