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Please provide explanation Which of the following will lead to a decrease in financial leverage? Purchased equipment to be used in the business for $6,000
Please provide explanation
Which of the following will lead to a decrease in financial leverage? Purchased equipment to be used in the business for $6,000 cash. Received cash totaling $6,000 from investors in exchange for capital stock. Paid $6,000 cash to shareholders for dividends. Borrowed $6,000 from a bank to be repaid in two yearsStep by Step Solution
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