Question: Compared to the reported 2009 fi nancial statements, if Stereo Warehouse had used the same discount rate as it used in 2007, it would have

Compared to the reported 2009 fi nancial statements, if Stereo Warehouse had used the same discount rate as it used in 2007, it would have most likely reported lower:

A . net income.

B . total liabilities.

C . cash fl ow from operating activities.

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