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Home Q & A Board Other Fields Homework Help Business Accounting
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sam3359 sam3359
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9 months ago

Which of the following statements is true?

  1. All other things the same, if a company uses long-term debt to purchase land to develop in the future, the company’s return on total assets will decrease.
  2. If a retailer sells a product whose contribution margin equals the gross margin percentage, the gross margin percentage will be unaffected by the transaction.


▸ Only statement I is true.

▸ Only statement II is true.

▸ Both statements are true.

▸ Neither statement is true.
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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ahgoebelahgoebel
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9 months ago
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sam3359 Author
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9 months ago
Smart ... Thanks!
jaray75
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Yesterday
Thanks
bioc
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2 hours ago
This helped my grade so much Perfect
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