External Financing Needs Can Be Calculated by Subtracting the Addition

question 7

True/False

External financing needs can be calculated by subtracting the addition to retained earnings and an increase in spontaneous financing from a firm's change in assets.

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Sole Proprietorship

A business owned and operated by a single individual, without any formal legal entity separation.

C Corporation

A legal structure for corporations in the U.S. where the owners are taxed separately from the entity, providing limited liability protection.

Partnership

A business structure where two or more individuals share ownership, profits, and responsibilities for managing the enterprise.

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