Assuming the interest on the debt is fully tax deductible, when firms issue more debt, the present value of the tax shield on debt ________ while the present value of the financial distress costs ________.
A) decreases; decreases
B) increases; increases
C) decreases; remains constant
D) decreases; increases
E) increases; remains constant
B) increases; increases
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When building a brand image, it is important that both the brand image and brand messaging be ________ so as not to confuse customers.
Fill in the blank(s) with the appropriate word(s).
The price that would be received to sell an asset or pay off a liability is
a. the fair value b. the market value c. the investing value d. the historical value
Under the equity method, a receipt of cash dividends by the investor would
A) increase total assets and shareholders' equity. B) increase total assets and liabilities. C) decrease the investment account. D) increase the investment account.
To become an ethical expert ______.
A. learn in a well structured environment B. practice ethical problem solving C. learn from previous ethical experts D. all of these