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Ningbo Shipping has prepared the coming year's pro forma balance sheet and has estimated that external financing required would be -$230,000. The firm should prepare
Ningbo Shipping has prepared the coming year's pro forma balance sheet and has estimated that external financing required would be -$230,000. The firm should prepare to: repurchase common stock totaling $230,000. pay off an existing loan in the amount of $230,000. accumulate an additional $230,000 of cash on its books. invest in marketable securities totaling $230,000. all of the above
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