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You are analyzing the financial statements of a company with a few of your classmates for a group assignment. One of your group members makes
You are analyzing the financial statements of a company with a few of your classmates for a group assignment. One of your group members makes the following statements: "The company has a very small amount of debt despite having made significant purchases of land, buildings, equipment, and inventory. I cannot understand how the company financed these purchases." The company must have: O Purchased the assets by issuing shares for cash. O Purchased the assets using its revenues. Purchased the assets using its retained earnings. O Purchased the assets by issuing dividends
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