How Much Is Required in External Financing If First-Stage Pro

question 95

Multiple Choice

How much is required in external financing if first-stage pro forma statements indicate $1 million in net income,$300,000 in dividends,and a $900,000 increase in total assets?

• A) $200,000
• B) $500,000
• C) $800,000
• D) No external financing is required.

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Definitions:

Retentive

Memory or functions in a control system that retain their value or state even after the system is powered down or rebooted.

Nonretentive

In PLC programming, a term referring to memory or data that is not retained after power loss.

Retentive Timer Reset

A function in PLC programming that allows a timer to retain its accumulated value even after a reset condition has been removed or power to the PLC has been cycled.

Timer Resets

The process of returning a timer to its initial state or set value in control systems or programming.