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Some companies choose to not have any, or very little, long-term debt. What are the benefits of having no long-term debt? Are there any negatives?

Some companies choose to not have any, or very little, long-term debt. What are the benefits of having no long-term debt? Are there any negatives?

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The financial statements of a corporation are the main instruments investors use to gauge the financial health of the company. Therefore, do you think companies are pressured to show their financial statements in the best light? What actions might they take to make the financial statements look better than they really are? Is this ethical?

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