Multiple Choice
Ningbo Shipping has prepared the coming year's pro forma balance sheet and has estimated that external financing required would be -$230,000. The firm should prepare to
A) repurchase common stock totaling $230,000.
B) arrange for a loan of $230,000.
C) do nothing; the balance sheet balances.
D) sell an additional $230,000 of common stock.
Correct Answer:
Verified
Correct Answer:
Verified
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