The zzz corporation issued $25 million in new common stock in 2016. it used $18 million of the proceeds to replace obsolete equipment in its factory and $7 million to repay bank loans. as a result, investment
a. of $7 million occurred
b. of $25 million occurred.
c. of $18 million occurred
d. has not occurred.
Answers: 3
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The zzz corporation issued $25 million in new common stock in 2016. it used $18 million of the proce...
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