Question

The XZ Corporation raised $50 mil in the sale of common stock last year. It spent 30 mil on new plant and equipment, plus 15 mil on replacing equipment that had worn out, and 5 dollars on a new advertising campaign. XZ's

Answer 1

The subject of this question is Business, specifically corporate finance.

Step-by-step explanation:

The subject of this question is Business. The student is inquiring about the financial activities of the XZ Corporation, specifically the funds raised through the sale of common stock and the expenditures on new plant and equipment, equipment replacement, and advertising. This question falls under the topic of corporate finance.