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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 71
Which of the following transactions will increase the debt-to-assets ratio
A) The company issues stock co investors.
B) The company uses cash to buy land.
C) The company issues a note payable to buy machinery.
D) None of the above.
A) The company issues stock co investors.
B) The company uses cash to buy land.
C) The company issues a note payable to buy machinery.
D) None of the above.
Explanation
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Debts to assets ratio is calculated t o ...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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