A Firm with No Leases Has a Long-Term Debt Ratio

question 58

Multiple Choice

A firm with no leases has a long-term debt ratio of 50%.This means that the book value of equity:

• A) equals the book value of long-term debt.
• B) is less than the book value of long-term debt.
• C) is greater than the book value of long-term debt.
• D) is unknown in relation to the book value of long-term debt.

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Definitions:

Behavioral Genetics

The study of the role genetic factors play in influencing behaviors, personality, and psychological traits.

Hereditary Factors

Genetic characteristics and traits passed down from parents to their offspring.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring.

Self-actualization

Fulfilling or actualizing one's innate gifts and capacities, regarded as a compelling urge or essential need existing in every person.