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When Jim Moon wanted to buy his firm's building instead of renting it, to which of the following types of funding did he turn?
A. Sales revenue B. Equity capital C. Debt capital D. Retained earnings
Jim Moon utilized Equity capital to purchase the firm's building.
Explanation:
Jim Moon turned to Equity capital when he wanted to buy his firm's building instead of renting it. Equity capital involves selling shares of ownership of the firm, allowing individuals to have ownership stakes in the company.
Learn more about Equity capital and corporate finance here:
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