The firm may have increased long‑term debts to finance (See Table 3.1)
A. an increase in gross fixed assets.
B. an increase in current assets.
C. a decrease in notes payable.
D. an increase in current assets, an increase in gross fixed assets, and a decrease in notes payable.
Answer:D
The firm may have increased long‑term debts to finance (See Table 3.1)
A. an increase in gross fixed assets. B. an increase in current assets. C. a decrease in notes payable. D. an increase in current assets, an increase in gross fixed assets, and a decrease in notes payable.