Multiple Choice
A firm has prepared the coming year's pro forma balance sheet resulting in a plug figure in a preliminary statement-called the external financing required-of negative $250,000. The firm may prepare to
A) arrange for a loan of $250,000.
B) sell common stock totaling $250,000.
C) invest in marketable securities totaling $250,000.
D) do nothing; the balance sheet balances.
Correct Answer:
Verified
Correct Answer:
Verified
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