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Problem 2 For each of the following actions, state where they are not an agency costs or not and explain why? (8 marks) (a) Management

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Problem 2 For each of the following actions, state where they are not an agency costs or not and explain why? (8 marks) (a) Management foregoing an investment opportunity which would add to the market value of the owner's equity. (b) The company paying a dividend to each of the existing shareholders. (c) The company purchasing new equipment which increases the value of each share of stock. (d) The company hiring outside auditors to verify the accuracy of the company financial statements

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