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theferpectstudent theferpectstudent
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A year ago
On the projected balance sheet for the next year, total assets are $5,000, total liabilities are $2,000, and shareholder's equity is $1,000. Which of the following is correct?

▸ External Funds Required is $1,000. This firm will have a cash surplus.

▸ External Funds Required is -$1,000. This firm will have a cash deficit.

▸ External Funds Required is $2,000. This firm will have a cash surplus.

▸ External Funds Required is -$2,000. This firm will have a cash deficit.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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IgnesiasIgnesias
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A year ago
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