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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
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ahgoebelahgoebel
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