If the maximum debuequity ratio as specified by a debt covenant is close to being violated (too much debt), which of the following actions would help avoid a violation of the covenant? Select one: O a. Purchase long-term investments b. Increase current cash dividends declared c. Exchange bonds payable for common stock O d. Acquire money by selling land at its balance sheet value Which one of the following transactions causes a decrease to retained earnings? Select one a buying treasury stock O b Declaring a cash dividend Decianng a stock divind n a Bont and cause a decrease to retained earminos
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