The following information applies to questions 23 and 24.
Kucinta Manufacturing Company started operations with the following capital:

-What is the amount of equity financing for this partnership?
A) $30 000
B) $25 000
C) $45 000
D) $20 000

Question

The following information applies to questions 23 and 24.
Kucinta Manufacturing Company started operations with the following capital:
 
-What is the amount of equity financing for this partnership?
A) $30 000 
B) $25 000 
C) $45 000 
D) $20 000

Quizplus · Accepted Answer

The amount of equity financing is the total amount of capital invested by the partners, which in this case is $25 000 (as given by the sum of the two partners' investment).

The Following Information Applies to Questions 23 and 24