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Select the Effect (A, B, or C) That Each Transaction

Question 10

Multiple Choice

Select the effect (a, b, or c) that each transaction listed in would most likely cause on the debt/equity ratio.
-Issued common stock to finance the purchase of property


A) Decrease in debt/equity ratio
B) Increase in debt/equity ratio
C) Does not change debt/equity ratio

Correct Answer:

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