On the Projected Balance Sheet for the Next Year, Total

question 39

Multiple Choice

On the projected balance sheet for the next year, total assets are $5,000, total liabilities are $2,000, and shareholder's equity is $1,000.Which of the following is correct?

• A)External Funds Required is -$1,000.This firm will have a cash deficit.
• B)External Funds Required is $1,000.This firm will have a cash surplus.
• C)External Funds Required is -$2,000.This firm will have a cash deficit.
• D)External Funds Required is $2,000.This firm will have a cash surplus.

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