Jacob and Molly Decide to Start a New Cake-Decorating Business

question 144

Multiple Choice

Jacob and Molly decide to start a new cake-decorating business. They each contribute $10,000 to get the business off the ground. This money is considered

• A) sales revenue.
• B) long-term debt.
• C) equity capital.
• D) short-term financing.
• E) cash flow.

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