Multiple Choice
Areeana Company has a debt-to-assets ratio of 0.60.Which of the following,if it occurred on the last day of the accounting period,would increase Areeana's debt-to-assets ratio?
A) Borrowing with a short-term promissory note.
B) Paying off some accounts payable.
C) Lending money to employees on a promissory note.
D) None of the answers are acceptable.
Correct Answer:
Verified
Correct Answer:
Verified
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