Dissavings can
A)
decrease assets and net worth.
B)
decrease both assets and liabilities.
C)
decrease net worth only.
D)
decrease assets only or liabilities only.
A
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Answer the following statement true (T) or false (F)
Using the data in Table M2-1, determine the optimal arc of stage 2
A) 4 - 6 B) 3 - 6 C) 3 - 5 D) 2 - 6 E) 2 - 5
Hunter Sailing Company exchanged an old sailboat for a new one. The old sailboat had a cost of $160,000 and accumulated depreciation of $100,000. The new sailboat had an invoice price of $270,000. Hunter received a trade in allowance of $70,000 on the old sailboat, which meant the company paid $200,000 in addition to the old sailboat to acquire the new sailboat. If this transaction has commercial substance, what amount of gain or loss should be recorded on this exchange?
A. $10,000 gain. B. $10,000 loss. C. $60,000 loss. D. $0 gain or loss. E. $70,000 loss.
Higher financial leverage causes ________ to increase more for a given increase in ________
A) EBIT; sales B) EPS; sales C) EPS; EBIT D) EBIT; EPS