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

question 96

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) $600,000
• D) No external financing is required.

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Definitions:

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Not in accordance with the fact; wrong or erroneous.

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