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

Question 8

Multiple Choice

Select the effect (a, b, or c) that each transaction listed in would most likely cause on the debt/equity ratio.
-Used money resulting from profits 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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