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skad [1K]
3 years ago
7

How is going public a way to secure capital without going into debt? Name a company that has held an IPO.

Business
1 answer:
dedylja [7]3 years ago
5 0
Going public is a way to secure capital without going into debt because going public means that a company could increase its capital by sharing its ownership or issuing its stock. There are two types of capital which company can be obtained which are the equity capital and debt capital. Facebook and Alibaba Group have held an IPO to issue its stocks.
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3 years ago
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3 years ago
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Answer:

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7 0
3 years ago
Required: Journal entry
lisabon 2012 [21]

Answer:

If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.

Date                    Account Title                                           Debit               Credit

XX-XX-XXXX     Accounts Payable - Saurya Stores     Rs. 39,000

                           Cash                                                                            Rs. 39,000

7 0
3 years ago
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Explanation:

So the way you did this problem is so weird and is not understandable

4 0
3 years ago
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