Question

"A ""risky"" financial plan will use long-term financing for fixed assets, permanent current assets, and a portion of temporary current assets.

A True
B False"

Answer 1

A "risky" financial plan will not use long-term financing for fixed assets, permanent current assets, and a portion of temporary current assets.

Step-by-step explanation:

A "risky" financial plan will not use long-term financing for fixed assets, permanent current assets, and a portion of temporary current assets. This is because long-term financing is typically used for assets that have a longer useful life, such as machinery or buildings. Temporary current assets, on the other hand, are typically financed using short-term sources such as trade credit or bank loans. So, the statement is False.