Assume Misa Chien and Jennifer Green of Nom Nom Truck plan on expanding their business to accommodate

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Assume Misa Chien and Jennifer Green of Nom Nom Truck plan on expanding their business to accommodate more product lines. They are considering financing their expansion in one of two ways: (1) contributing more of their own funds to the business or (2) borrowing the funds from a bank.

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Identify at least two issues that Misa and Jennifer should consider when trying to decide on the method for financing their expansion.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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