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    Accounting Understanding and Practice
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    Exam 1: The Statement of Financial Position Balance Sheetand What It Tells Us
  5. Question
    A Company Is Said to Be 'High Geared' When
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A Company Is Said to Be 'High Geared' When

Question 30

Question 30

Multiple Choice

A company is said to be 'high geared' when:


A) It has a low amount of long-term debt
B) It has a high amount of long-term debt
C) It has a low amount of current assets
D) It has a high amount of owner's equity

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