Table 4.1
Ruff Sandpaper Co.
Balance Sheets
For the Years Ended 2009 and 2010
-The firm may have increased long-term debts to finance ________. (See Table 4.1)
A) an increase in gross fixed assets.
B) an increase in current assets.
C) a decrease in notes payable.
D) all of the above.

Question

Table 4.1
Ruff Sandpaper Co.
Balance Sheets
For the Years Ended 2009 and 2010 
-The firm may have increased long-term debts to finance ________. (See Table 4.1)
A) an increase in gross fixed assets. 
B) an increase in current assets. 
C) a decrease in notes payable. 
D) all of the above.

Quizplus · Accepted Answer

The Answer of Table 4.1
Ruff Sandpaper Co.
Balance Sheets
For the Years Ended 2009 and 2010 
-The firm may have increased long-term debts to finance ________. (See Table 4.1)
A) an increase in gross fixed assets. 
B) an increase in current assets. 
C) a decrease in notes payable. 
D) all of the above.

Table 4.1 Ruff Sandpaper Co