Priscilla Corp.'s debt to total asset ratio would decrease upon
A) selling 1,000,000 shares of stock for $20 per share.
B) selling $100,000 of equipment at a $20,000 gain.
C) issuing $10,000,000 of new debt.
D) buying new equipment for $100,000 cash.
E) receiving the payment of an outstanding account receivable.
Correct Answer:
Verified
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