Question：
Which action is most likely considered a secondary source of liquidity?
A. Renegotiating current debt contracts to lower interest payments
B. Increasing the efficiency of cash flow management
C. Increasing the availability of bank lines of credit
Answer = A
Renegotiating debt contracts is a secondary source of liquidity because it may affect the company’s operating and/or financial positions.
CFA Level I
“Working Capital Management,” Edgar A. Norton, Jr., Kenneth L. Parkinson, and Pamela Peterson Drake
Sections 2.1.1, 2.1.2
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19年12月-22年6月考季的考生，助力通过金融第一考 |
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权威名师倾情打造，助力通过金融第一考 |
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