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Jacob and Molly Decide to Start a New Cake-Decorating Business

Question 144

Multiple Choice

Jacob and Molly decide to start a new cake-decorating business. They each contribute $10,000 to get the business off the ground. This money is considered


A) sales revenue.
B) long-term debt.
C) equity capital.
D) short-term financing.
E) cash flow.

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