15. In considering equity and debt financing, which of the following states is true? Compared to equity financing, debt is a more expensive source of funding a. b. Both interest and dividend payments are required to be made by the issuing corporation In general, the higher the proportion of total debt to equity ratio, the great the likelihood the firm will have difficulty in meeting its obligations in some future period c. d. All firms prefer to.haye no debt and rely only on equity financing 16. Tor F The changes in Accounting Standards for leases will require more leases be capitalized and reflected on the balance sheet. The impact of this change is anticipated to increase the debt/equity ratio. Adoption is required by 2019