______ entails even closer economic integration and cooperation than a common market

A company starts with $1 billion in assets, $400 million in owners' equity & $600 million in debt. It draws down $100 million from its bank credit line and uses the funds to purchase its own shares in the stock market. What does this do to the balance sheet?

a) increases book value b) decreases book value c) increases leverage ratio d) decreases leverage ratio e) increases assets f) decreases assets g) increases market value h) deceases market value

Francine bought acreage in a distant county, never went to see it, and did not use it, although she regularly paid the real estate taxes on it. Without Francine's knowledge LaVerne moved her mobile home onto the property, drilled a well for water, and lived there for many years. Laverne may have become the owner of the acreage if she has complied with state laws regarding

A) intestate succession. B) adverse possession. C) the statute of frauds. D) the statute of limitations.