With plans to build a $50 million theme park,Lakeview Enterprises intends to finance this project through the sale of additional shares of ownership in their firm.Selling new shares of stock represents______ financing.
A)equity
B)debt
C)initial offering
D)retained

Question

Quizplus · Accepted Answer

Selling new shares of stock represents equity financing, as the company is selling ownership in their firm to raise the necessary funds for the theme park project.

With Plans to Build a $50 Million Theme Park,Lakeview Enterprises