Asked by Asmadi Zkeri on Jun 28, 2024
Verified
In Scenario 9-1, Jim has two basic choices when looking for funds. They are which of the following?
A) assets and liabilities
B) debt and assets
C) debt and equity
D) equity and assets
Debt And Equity
The two main types of financing for companies, where debt involves borrowing money to be repaid and equity involves selling a stake in the company.
- Identify the array of financing choices, such as debt and equity investments, accessible for small business operations.
Verified Answer
BS
Brianna SkylarJun 29, 2024
Final Answer :
C
Explanation :
Jim's two basic choices for funding his business are debt financing (borrowing money that must be repaid with interest) and equity financing (raising money by selling shares of his business).
Learning Objectives
- Identify the array of financing choices, such as debt and equity investments, accessible for small business operations.