Question: c . Global used $ 4 . 7 million in cash and $ 5 . 2 million in new long - term debt to purchase

c. Global used $4.7 million in cash and $5.2 million in new long-term debt to purchase a $9.9 million building. (Select the best choice below )
A. Long-term assets would decrease by $9.9 million, cash would increase by $4.7 million, and long-term liabilities would decrease by $52 million. There would be no change to the book value of equity.
B. Long-term assets would increase by $9.9 million, cash would increase by $4.7 million, and long-term liabilities would increase by $5.2 million. There would be no change to the book value of equity.
C. Long-term assets would decrease by $9.9 million, cash would decrease by $4.7 million, and long-term liabilities would increase by $5.2 million. There would be no change to the book value of equity.
D. Long-term assets would increase by $9.9 million, cash would decrease by $4.7 million, and long-ferm liabilities would increase by $52 million. There would be no change to the book value of equity.
c . Global used $ 4 . 7 million in cash and $ 5 .

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