An advantage to financing the acquisition of assets with debt is that O A interest does not have to be paid until the maturity date. OB. dividends are tax deductible O Cinterest is tax deductible OD. dividends reduce retained earnings whereas interest expense does not reduce retained earnings. Corporations can raise large amounts of money because O A. all investments in corporate shares earn money for investors. OB. the unlimited liability feature makes corporate ownership attractive to investors. O C. shares in public companies can easily be bought and sold by investors in organized exchange markets. OD. corporate earnings are not taxed. Which of the following transactions would be reported on the statement of cash flows as an investing activity? OAThe issuance of additional common shares. OB. The purchase of equipment in exchange for a note payable. OC. The repayment of a long-term note payable. OD. The purchase of investments for cash. O E. The increase in accounts receivable due to sales on account. Who has primary responsibility for ensuring that the financial statements of a Canadian publicly accountable enterprise follow International Financial Reporting Standards? O A. The company's shareholders OB. The company's management OC. The Canadian Accounting Standards Board (ASB) OD. Independent auditors (CPAs) O E. Canadian Securities Administrators (CSA)