When the impact of taxes is considered, as the firm takes on more debt
A) there will be no change in total cash flows.
B) both taxes and total cash flow to stockholders and bondholders will decrease.
C) cash flows will increase because taxes will decrease.
D) the weighted average cost of capital will increase.
Answer: C
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A general partner is considered to have a conflict of interest with the business of a limited partnership if he:
A) loans money to the business. B) acts as agent for the business. C) manages the business. D) borrows money from the business.
If a client, who has just moved into the state, wishes to file for divorce, where would that divorce action be filed? Assume the other spouse has not relocated and remains in the state where the marriage took place and where the couple had lived
together, married, for the past ten years.