Which of the following are common POSITIVE bank covenants? Indicate ALL that apply. Achieve a certain threshold in certain financial ratios Partake in certain M&A Pay cash dividends over a certain amount or predetermined threshold Borrow more debt Provide yearly audited financial statements
Which of the following are common POSITIVE bank covenants? Indicate ALL that apply. Achieve a certain threshold in certain financial ratios Partake in certain M&A Pay cash dividends over a certain amount or predetermined threshold Borrow more debt Provide yearly audited financial statements
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.19E
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Which of the following are common POSITIVE bank covenants? Indicate ALL that apply.
Achieve a certain threshold in certain financial ratios
Partake in certain M&A
Pay cash dividends over a certain amount or predetermined threshold
Borrow more debt
Provide yearly audited financial statements
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