(Solution) if we operated a business in a very stable industry and our outlook for the next 30 years looked pretty good, do you think readers of our financial
if we operated a business in a very stable industry and our outlook for the next 30 years looked pretty good, do you think readers of our financial statements would find bonds in on the balance sheet? If so, could you argue that having them is advantageous? Alternatively, given this scenario could you argue that having bonds on the balance sheet is a mistake?
This question was answered on: May 23, 2022
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