In using more sophisticated planning models, which one of the following statements is NOT true?
A) Current liabilities are likely to vary directly with sales.
B) Long-term liabilities and equity accounts change as a direct result of managerial decisions.
C) Retained earnings will vary as sales changes but not directly as it is affected by the company's dividend payout policy.
D) All of the above are true
Correct Answer:
Verified
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