Question
An advantage of issuing debt instead of equity is that it increases solvency or liquidity risks. no leverage is possible. the interest is tax deductible.
An advantage of issuing debt instead of equity is that
it increases solvency or liquidity risks.
no leverage is possible.
the interest is tax deductible.
interest must be paid, regardless of earnings
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
3rd edition
78025427, 978-0077736460, 007773646X, 978-0078025426
