Question: a . Global used $ 2 0 . 1 million of its availatile cash to repay $ 2 0 . 1 million of its long
a Global used $ million of its availatile cash to repay $ million of its longterm debt. Select the best choice below
A Longterm liabilities would decrease by $ million, and cash would increase by the same amount. The book value of equilty would be unchanged
B Longterm liabilities would decrease by $ million, and cash would decrease by the same amount. The book value of equity would change by $
C Longterm liabilities would decrease by $milline, and cash would decrease by the same amount. The book value of equity would be unchanged.
D Longterm liabilities would increase by $ million, and cash would increase by the same amount. The book value of equity would be unchanged.
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