Question: Statement 1: The debt to total assets ratio will go up if an equal amount of assets and liabilities are added to the balance sheet.

Statement 1: The debt to total assets ratio will go up if an equal amount of assets and liabilities are added to the balance sheet. Statement 2: Under IFRS, subsidiaries in which the parent company holds a less than 50 percent interest do not have to be included in consolidated financial statements. Select one: a. Statement 1 is False: Statement 2 is True b. Both statements are True c. Both statements are False d. Statement 1 is True: Statement 2 is False

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