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Page 7 of 10 Question 19 (4 points) In general, a firm should strive for a matching of debt to the type of asset being

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Page 7 of 10 Question 19 (4 points) In general, a firm should strive for a matching of debt to the type of asset being financed, such as short-term debt to finance current assets. True False Question 20 (4 points) When a parent owns more than 50% of the voting stock of a subsidiary, theh the financial statements should be consolidated. True False Question 21 (4 points) Generally, the only way to determine whether a company has set up a reserve account is to read the notes to the financial statements carefully. True False

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