All of the following are examples of restrictive debt covenants EXCEPT prohibiti

Question

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

Explanation / Answer

Supplying the creditor with audited financial statements

This is just normal information sharing and is NOT a restrictive debt covenant.

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