A Company Launching 100% Through Bootstrapping Would Use What Source

question 58

Multiple Choice

A company launching 100% through bootstrapping would use what source of funding?

• A)angel investor
• B)venture capital funds
• C)personal funds
• D)a bank loan

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Definitions:

Owner's Capital Account

Represents the total equity or net worth of an individual owner in a company, detailing the contributions, earnings, and withdrawals of the owner.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to the net income or loss for the period.

Recording Process

The systematic method of capturing and documenting financial transactions in the accounting records of an entity.

Transactions

The actions or activities conducted by individuals or entities involving the exchange of goods, services, or financial assets.