Sebastian borrowed $75,000 from his stepmother to fund his new animation business. He said that she would be a partner in the business and would be entitled to a significant percentage of profits from the business. This is an example ofMultiple Choicefranchising.bartering.equity financing.initial public offering.bootlegging.
Question
Sebastian borrowed $75,000 from his stepmother to fund his new animation business. He said that she would be a partner in the business and would be entitled to a significant percentage of profits from the business. This is an example ofMultiple Choicefranchising.bartering.equity financing.initial public offering.bootlegging.
Solution
This is an example of equity financing.
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