How does the stockholders’ equity section in the balance sheet differ from the statement of stockholders’ equity? Multiple Choice There are no differences between them. The stockholders’ equity section shows balances at a point in time, whereas the statement of stockholders’ equity shows activity over a period of time. The stockholders’ equity section is more detailed than the statement of stockholders’ equity. The stockholders’ equity section shows activity over a period of time, whereas the statement of stockholders’ equity is at a point in ti

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan