The following statement on the financing decision are provided:
a) Equity finance and debt finance are the two main types of finance available to a company
b) Short-term requirements do not have an impact on the decisions of how a company should be financed.
c) Debentures, mortgage bonds, non-distributable reserves, long-term loans, lease finance and any form of long-term finance that does not have an option to convert to ordinary shares are sources of debt finance.
d) The owners of shares in a company are the providers of equity finance.
e) Equity funding includes ordinary issued share capital, distributable and non-distributable reserves and retained earnings.
Which of the statement provided above are FALSE?
a.
Options (b) and (c)
b.
Options (a) and (e)
c.
Options (b), (c) and (e)
d.
Options (a), (b) and (c)