The following is a summarized balance sheet of Falcon Corporation at December 31, 2021. All...
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The following is a summarized balance sheet of Falcon Corporation at December 31, 2021. All amounts are in $000's. Current assets $ 1,000 Property, plant, and equipment 15,000 Total assets 16,000 Current liabilities $ 650 Long-term debt 9,500 Total liabilities 10,150 Shareholders' equity Common shares 4,000 Retained earnings 1,850 Total shareholders' equity 5,850 Total liabilities and equity $ 16,000 Falcon requires additional financing of $5,000,000 to finance an expansion of its business. The two choice
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