Multiple Choice
Which of the following is a benefit of using debt over equity as a source of long-term financing?
A) Interest on debt is tax deductible.
B) An increase in the use of debt makes a company less risky.
C) Debt financing may contain covenants that help management manage the company.
D) Interest payments on debt may be deferred.
Correct Answer:
Verified
Correct Answer:
Verified
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