To raise the funds for the major improvements needed at the funeral home, Mort has talked to two investors about incorporating his business and selling them shares of stock in the company. Mort is considering the use of
A) debt financing.
B) commercial paper.
C) equity financing.
D) revolving credit.

Question

Quizplus · Accepted Answer

Equity financing is money raised from retained earnings or through the sale of ownership in the firm.

To Raise the Funds for the Major Improvements Needed at the Funeral