By selling shares of ownership in their company,Ottawa Scientific acquires the funds needed to finance their research and development projects.Ottawa Scientific provides for their long-term funding needs through______ financing.
A)retained
B)asset
C)equity
D)debt

Question

Quizplus · Accepted Answer

By selling shares of ownership, Ottawa Scientific is obtaining equity financing. Retained financing involves using profits to fund projects, asset financing involves using assets as collateral for loans, and debt financing involves taking on loans that must be repaid with interest.

By Selling Shares of Ownership in Their Company,Ottawa Scientific Acquires