Which of the following can be described as involving direct finance? A) A corporation issues new shares

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Which of the following can be described as involving direct finance?

A) A corporation issues new shares of stock.

B) People buy shares in a mutual fund.

C) A pension fund manager buys short-term corporate security in the secondary market.

D) An insurance company buys shares of common stock in the over-the-counter markets.

Related Book For answer-question

Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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Posted Date: Jan 03, 2021 11:26 AM

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Which of the following can be described as involving direct finance? A) A corporation issues new shares

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Introduction to Governmental and Not for Profit Accounting

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