Multiple Choice
The Flynn Company started business by obtaining financing through debt financing and equity financing.Which of the following statements is not correct?
A) Equity financing refers to the money obtained through owners' contributions and reinvestments of profit.
B) Debt financing refers to the money obtained through loans.
C) The business is obligated to repay debt financing.
D) The business is obligated to repay equity financing.
Correct Answer:
Verified
Correct Answer:
Verified
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