a$.$ Global used $$20\mathrm{.}0$ million of its available cash to repay $$20\mathrm{.}0$ million of its long$-$term debt.

b$.$ A warehouse fire destroyed $$5\mathrm{.}0$ million worth of uninsured inventory.

c$.$ Global used $$5\mathrm{.}0$ million in cash and $$5\mathrm{.}0$ million in new long$-$term debt to purchase a $$10\mathrm{.}0$ million building.

d$.$ A large customer owing $$3\mathrm{.}0$ million for products it already received declared bankruptcy, leaving no possibility that Global would ever receive payment.

e$.$ Global's engineers discover a new manufacturing process that will cut the cost of its flagship product by more than $50\%.$

f$.$ A key competitor announces a radical new pricing policy that will drastically undercut Global's prices.

a$.$ Global used $$20\mathrm{.}0$ million of its available cash to repay $$20\mathrm{.}0$ million of its long$-$term debt. $($Select the best choice below.$)$

A$.$ Long$-$term liabilities would decrease by $$20\mathrm{.}0$ million, and cash would decrease by the same amount. The book value of equity would be unchanged.

B$.$ Long$-$term liabilities would decrease by $$20\mathrm{.}0$ million, and cash would decrease by the same amount. The book value of equity would change by $$20\mathrm{.}0.$

C$.$ Long$-$term liabilities would decrease by $$20\mathrm{.}0$ million, and cash would increase by the same amount. The book value of equity would be unchanged.

D$.$ Long$-$term liabilities would increase by $$20\mathrm{.}0$ million, and cash would increase by the same amount. The book value of equity would be unchanged.

b$.$ A warehouse fire destroyed $$5\mathrm{.}0$ million worth of uninsured inventory. $($Select the best choice below.$)$

A$.$ Inventory would increase by $$5\mathrm{.}0$ million, as would the book value of equity.

B$.$ Inventory would increase by $$5\mathrm{.}0$ million, and the book value of equity would decrease by the same amount.

C$.$ Inventory would decrease by $$5\mathrm{.}0$ million, as would the book value of equity.

D$.$ Inventory would decrease by $$5\mathrm{.}0$ million, and the book value of equity would be unchanged.

c$.$ Global used $$5\mathrm{.}0$ million in cash and $$5\mathrm{.}0$ million in new long$-$term debt to purchase a $$10\mathrm{.}0$ million building. $($Select the best choice below.$)$

A$.$ Long$-$term assets would decrease by $$10\mathrm{.}0$ million, cash would increase by $$5\mathrm{.}0$ million, and long$-$term liabilities would decrease by $$5\mathrm{.}0$ million. There would be no change to the book value of equity.

B$.$ Long$-$term assets would increase by $$10\mathrm{.}0$ million, cash would decrease by $$5\mathrm{.}0$ million, and long$-$term liabilities would increase by $$5\mathrm{.}0$ million. There would be no change to the book value of equity.

C$.$ Long$-$term assets would decrease by $$10\mathrm{.}0$ million, cash would decrease by $$5\mathrm{.}0$ million, and long$-$term liabilities would increase by $$5\mathrm{.}0$ million. There would be no change to the book value of equity.

D$.$ Long$-$term assets would increase by $$10\mathrm{.}0$ million, cash would increase by $$5\mathrm{.}0$ million, and long$-$term liabilities would increase by $$5\mathrm{.}0$ million. There would be no change to the book value of equity.

d$.$ A large customer owing $$3\mathrm{.}0$ million for products it already received declared bankruptcy, leaving no possibility that Global would ever receive payment. $($Select the best choice below.$)$

A$.$ Accounts receivable would decrease by $$3\mathrm{.}0$ million, as would the book value of equity.

B$.$ Accounts receivable would decrease by $$3\mathrm{.}0$ million, and the book value of equity would increase by the same amount.

C$.$ Accounts receivable would increase by $$3\mathrm{.}0$ million, and the book value of equity would decrease by the same amount.

D$.$ Accounts receivable would increase by $$3\mathrm{.}0$ million, as would the book value of equity.

e$.$ Global's engineers discover a new manufacturing process that will cut the cost of its flagship product by more than $50\%.($Select the best choice below.$)$

A$.$ This event would decrease inventory by over $50\%$ and the book value of equity would decrease by the same amount.

B$.$ This ev