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a. Global used $19.1 million of its available cash to repay $19.1 million of its long-term debt. b. A warehouse fire destroyed $4.6 million worth
a. Global used $19.1 million of its available cash to repay $19.1 million of its long-term debt. b. A warehouse fire destroyed $4.6 million worth of uninsured inventory. c. Global used $4.7 million in cash and $5.4 million in new long-term debt to purchase a $10.1 million builing. d. A large customer cwing \$3.1 million for products it already received declared bankruptcy, leaving no possibility that Global would ever receive payment. e. Global's engineers discover a new manufacturing process that will cut the cost of its flagship product by more than 52%. f. A key competitor announces a radical new pricing policy that will drastically undercut Global's prices. a. Global used $19.1 million of its available cash to repay $19.1 million of its long-term debt. (Select the best choice below.) V. Long-term liabilities would decrease by $19.1 million, and cash would decrease by the same amount. The book value of equity would be unchanged. B. Long-term liabilities would decrease by $19.1 million, and cash would decrease by the same amount. The book value of equity would change by $19.1. C. Long-term liabilities would increase by $19.1 million, and cash would increase by the same amount. The book value of equity would be unchanged. D. Long-term liabilities would decrease by $19.1 million, and cash would increase by the same amount. The book value of equity would be unchanged. b. A warehouse fire destrayed $4.6 million worth of uninsured inventory. (Select the best choice below.) A. Inventory would decrease by $4.6 million, as would the book value of equily. B. Inventory would increase by $4.6 milion, and the book value of equily would decrease by the same amount. C. Inventory would increase by $4.6 million, as would the book value of equity- D. Inventory would decrease by $4.6 million, and the book value of equily would be unchanged. c. Global used $4.7 million in cash and $5.4 million in new long-term debt to purchase a $10.1 million building. (Select the best choice below.) A. Accounts receivable would increase by $3.1 million, as would the book value of equity. B. Accounts receivable would increase by $3.1 million, and the book value of equity would decrease by the same amount. C. Accounts receivable would decrease by $3.1 million, and the book value of equity would increase by the same amount. D. Aocounts receivable would decrease by $3.1 million, as would the book value of equity
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