A firm has prepared the coming year's pro forma balance sheet resulting in a plug figure in a preliminary statement-called the external financing required-of $230,000. The firm should prepare to
A) arrange for a loan of $230,000.
B) do nothing; the balance sheet balances.
C) invest in marketable securities totaling $230,000.
D) repurchase common stock totaling $230,000.
Correct Answer:
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