Question: c . Global used $ 4 . 6 million in cash and $ 4 . 6 million in new long - term debt to purchase

c. Global used $4.6 million in cash and $4.6 million in new long-term debt to purchase a $9.2 million building. (Select the best choice below.)
A. Long-term assets would increase by $9.2 million, cash would decrease by $4.6 million, and long-term liabilities would increase by $4.6 million. There would be no change to the book value of equity.
B. Long-term assets would decrease by $9.2 million, cash would increase by $4.6 million, and long-term liabilities would decrease by $4.6 million. There would be no change to the book value of equily.
C. Long-term assets would increase by $9.2 million, sh:-sh would increase by $4.6 million, and long-term liabilities would increase by $4.6 million. There would be no change to the book value of equity.
D. Long-term assets would decrease by $9.2 million, cash would decrease by $4.6 million, and long-term liabilities would increase by $4.6 millinn. There would be no chanoe to the honk value of enuity.
c . Global used $ 4 . 6 million in cash and $ 4 .

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