General Talc Mines may prepare to (See Table 3.4)
A. arrange for a loan equal to the external funds requirement.
B. eliminate the dividend to cover the needed financing.
C. cancel the retirement of the long term note to cover the needed financing.
D. repurchase common stock equal to the external funds requirement.
Answer:A
General Talc Mines may prepare to (See Table 3.4)
A. arrange for a loan equal to the external funds requirement. B. eliminate the dividend to cover the needed financing. C. cancel the retirement of the long term note to cover the needed financing. D. repurchase common stock equal to the external funds requirement.