Which of the following is not considered a short-term financing source?

Bonds are typically considered a long-term financing source. They are debt securities that companies issue to raise funds for an extended period, often ranging from several years to decades. Investors who purchase bonds are essentially lending money to the issuer in exchange for interest payments over the life of the bond and repayment of the principal at maturity.

In contrast, short-term financing sources are generally used to cover immediate operating expenses and are expected to be paid back within a year. Factoring involves selling accounts receivable to a third party at a discount, which provides immediate cash flow. Bank loans can also be structured as short-term arrangements, with terms typically lasting from a few months to a year. Accounts payable represent amounts due to suppliers for goods and services received, generally settled within a short timeframe as part of everyday business operations.

Therefore, while the other options relate to financing needs that are resolved in a short duration, bonds are distinctive for their long-term nature.