Multiple Choice
Which of the following misstatements would cause the debt-to-assets ratio to be overstated?
A) Capitalizing costs that should have been expensed as assets.
B) Failing to adjust for depreciation in the current period.
C) Failing to accrue income taxes of the current period.
D) Failing to accrue interest earned of the current period.
Correct Answer:
Verified
Correct Answer:
Verified
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