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What are the two most important mechanisms that explain capital structure changes
over 5-year time horizons for U.S. firms? How much of the change in the debt-equity
ratios did these two factors explain?
Post Reference Column
A column in journal and ledger accounts that helps in cross-referencing entries between these two accounting records.
General Journal
A comprehensive record of financial transactions over the life of a company, listed in chronological order.
Assets
Resources owned by a company or individual that have economic value and can provide future benefits.
Debits
Accounting entries that increase assets or expenses and decrease liabilities, equity, or revenue.
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