The ZZZ Corporation issued $25 million in new common stock in 2013.It used $18 million of the proceeds to replace obsolete equipment in its factory and $7 million to repay bank loans.As a result,investment:
A) of $7 million has occurred.
B) of $25 million has occurred.
C) of $18 million has occurred.
D) has not occurred.
Correct Answer:
Verified
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