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You are an entrepreneur with a great idea for a new business. In order to obtain financing, the loan officer at First Second Third National Bank has requested a budgeted set of financial statements. An accountant friend of yours has mentioned that there are several options associated with plant assets that are available to help you improve your budgeted income.
Describe several decisions concerning property, plant, and equipment that have an impact on reported net income. Are there any ethical concerns in this area?
Equity Capital
Funds that are invested in a company by its shareholders in exchange for ownership rights or shares, representing the risk capital of the business.
New Stocks
Shares that have been recently issued to the public by a company, often through an initial public offering (IPO).
Bankruptcy
A legal proceeding involving a person or business that is unable to repay outstanding debts, leading to asset liquidation or debt reorganization.
Corporate Tax Rate
Corporate tax rate is the percentage of a corporation's profits that is paid to the government as tax.
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