Real assets generate net-income to the society.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Which of the following statements is false?
A.
Real assets generate net-income to the society.
B.
In most societies, resources are allocated not by an all-powerful dictator, but through the combined choices of millions of households and firms.
C.
Liabilities sacrifice future benefits.
D.
Leveraged buyouts (LBOs) are the most common type of commodity investment strategies.
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