Question

When moa industries renegotiated their loan agreement, they borrowed an additional $2 million. the new loan requires moa to repay the new amount in nine months. moa's activity represents ______ financing?

Answer 1

Had to look for the missing options and here is my answer.
The term that best fits the blank is DEBT. When we say Debt Financing, this is when a company raises money for their capital through the selling of different bills or bonds to investors. In the scenario above, you will notice that they are having an existing loan. Hope this helps.