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Consider the following potential events that might have occurred to Global on December 30, 2013. For each one, indicate which line items in Globals balance

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Consider the following potential events that might have occurred to Global on December 30, 2013. For each one, indicate which line items in Globals balance sheet would be affected and by how much. Also indicate the change to Global's book value of equity. Global used $19.7 million of its available cash to repay $19.7 million of its long-term debt. A warehouse fire destroyed $4.6 million worth of uninsured inventory. Global used $5.4 million in cash and $4.7 million in new long-term debt to purchase a $10.1 million building. A large customer owing $3.4 m or products it already received declared bankruptcy, leaving no possibility that Global would ever receive payment. Global's engineers discover a new manufacturing process that will cut the cost of its flagship product by more than 53%. A key competitor announces a radical new pricing policy that will drastically undercut Globals prices. Global used $19.7 million of its available cash to repay $19.7 million of its long-term debt. (Select the best choice below.) Long-term liabilities would increase by $19.7 million, and cash would increase by the same amount. The book value of equity would be unchanged. Long-term liabilities would decrease by $19, 7 million, and cash would decrease by the same amount The book value of equity would change by $19.7 Long-term liabilities would decrease by $19.7 million, and cash would increase by the same amount. The book value of equity would be unchanged. Long-term liabilities would decrease by $19.7 million, and cash would decrease by the same amount. The book value of equity would be unchanged. A warehouse fire destroyed $4.6 million worth of uninsured inventory (Select the best choice below.) Inventory would increase by $4.6 million, and the book value of equity would decrease by the same amount. Inventory would decrease by $4.6 million, and the book value of equity would be unchanged. Inventory would decrease by $4.6 million, as would the book value of equity. inventory would increase by $4.6 million, as would the book value of equity

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