DeSoto Tools Incorporated is planning to expand production. The expansion will cost 300,000, which can...

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Accounting

DeSoto Tools Incorporated is planning to expand production. The expansion will cost 300,000, which can be financed either by bonds at an interest rate of 14 percent or by selling 10,000 shares of common stock at30 per share. The current income statement before expansion is as follows: [[[[DESOTO TOOLS INCORPORATED],[Income Statement 20X1]]],[Sales,1,500,000

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