Question: 29. Which one is false? a. Generally off-balance-sheet financing is not ethical in terms of the users. b. Off-balance-sheet financing may reduce the total assets

29. Which one is false? a. Generally off-balance-sheet financing is not ethical in terms of the users. b. Off-balance-sheet financing may reduce the total assets and total liabilities on Balance Sheet. c. Off-balance-sheet financing mostly increases return on assets (ROA) d. Off-balance-sheet financing may be frequently used by firms who has stronger restrictions on bond covenant

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!