Reduce the issue of new common stock


Bankston Corporation forecasts that if all of its existing financial policies are followed, its proposed capital budget would be so large that it would have to issue new common stock. Since new stock has a higher cost than retained earnings, Bankston would like to avoid issuing new stock. Which of the following actions would REDUCE its need to issue new common stock?

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Accounting Basics: Reduce the issue of new common stock
Reference No:- TGS060757

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