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Long term financing (Owners’ equity (Consists of funds made directly…
Long term financing
Owners’ equity
Consists of funds made directly available by the legal owners in the form of share capital, as well as indirect contributions in the form of profit retention as reserves & undistributed profits.
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A co-owner of the business, the ordinary shareholder, has a claim to profits
Financial leasing
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Is a contract that provides the right to the use of an asset, legally owned by the lessor in exchange for a specified rental paid by the lessee.
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Long term debt
Refers to debt that will mature in a year or more, & can usually be obtained in 2 ways
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