Which of the following may explain why a debt ratio has been understated? Group of...
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Accounting
Which of the following may explain why a debt ratio has been understated?
Group of answer choices
aThe existence of contingent liabilities.
bAll of these may explain why a debt ratio has been understated.
cThe allowance for doubtful debts is understated.
dUseful lives of depreciable assets have been overstated.
eOverdraft balances have been netted off against Cash and cash equivalents.
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