Question: c . Global used $ 5 . 1 million in cash and $ 4 . 7 million in new long - term debt to purchase

c. Global used $5.1 million in cash and $4.7 million in new long-term debt to purchase a $9.8 million building. (Select the best choice below)
A. Long-term assets would increase by $9.8 milion, cash would decrease by $5.1 million, and long-term liabilities would increase by $4.7 million. There would be no change to the book value of equity.
B. Long-term assets would decrease by $9.8 million, cash would increase by $5.1 million, and long-term liabilities would decrease by $4.7 million. There would be no change to the book value of equity.
C. Long-term assets would decrease by $9.8 million, cash would decrease by $5.1 million, and long-term liabilities would increase by $4.7 million. There would be no change to the book value of equity.
D. Long-term assets would increase by $9.8 million, cash would increase by $5.1 million, and long-term liabilities would increase by $4.7 million. There would be no change to the book value of equity.
 c. Global used $5.1 million in cash and $4.7 million in

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