Lerner's View on Debt Financing Is

question 20

Multiple Choice

Lerner's view on debt financing is

• A) Future generations bear a burden of external debt.
• B) Burden of debt can be transferred across generations.
• C) Internal debt creates no burden for the future generations.
• D) Government debt crowds-out the available funds for private sector.

Know the concepts and assumptions foundational to financial accounting practice.

Understand the ethical requirements and considerations in accounting practices.

Recognize the various authoritative bodies and their roles in establishing accounting standards.

Understand the principles guiding the recording and reporting of financial transactions.