Exercise 1-4 - b. Can the business take on additional debt?...

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Exercise 1-4 1. Shareholders (investors), who seek answers to questions such as:   a. Are resources owned by a business adequate to carry out plans? b. Are the debts owed excessive in amount? 2. Creditors, who seek answers for questions such as: a. Does the business have the ability to repay its debts?
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Unformatted text preview: b. Can the business take on additional debt? 3. Employees, who seek answers to questions such as: a. Is the business financially stable? b. Can the business afford to pay higher salaries?...
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This note was uploaded on 01/24/2012 for the course ACC 220 ACC 220 taught by Professor Black during the Spring '11 term at University of Phoenix.

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