Multiple Choice
If interest expense decreases, a company's
A) net income will decrease.
B) debt to total asset ratio will increase.
C) debt to total asset ratio will decrease.
D) times interest earned ratio will increase.
E) times interest earned ratio will decrease.
Correct Answer:

Verified
Correct Answer:
Verified
Q39: Most bonds are not issued at face
Q40: In accounting for compensated absences, a company
Q41: How would costs related to the settlement
Q42: Brenham Corporation's 2009 and 2010 balance sheets
Q43: Newark Co. employees receive two weeks paid
Q45: In any given interest period, the amortization
Q46: Which of the following loss contingencies is
Q47: When a bond is sold at a
Q48: A lease that is noncancelable, long-term, and
Q49: The following transactions were incurred by Roundtop