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fruits fruits
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2 months ago
The CFO of Alberta Country Record Company has decided to use leases because this will result in the firm reporting higher net income and lower debt ratios. He feels this will reduce the cost of debt for the firm thereby increasing the value of the firm. If the market is efficient, then his statement

▸ is a valid reason to use leases.

▸ is incorrect as the firm's cash flows and associated risks are unaffected.

▸ is not a valid reason to use leases.

▸ B and C
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
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nancy123nancy123
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2 months ago
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