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Which of the following actions could a company's owners use to reduce its leverage? Select all...

Which of the following actions could a company's owners use to reduce its leverage? Select all that apply.

A) Raise additional equity capital.

B) A co-owner sells all his shares in Comfy Home to another co-owner.

C) Sell PP&E at book value and use the cash to pay off creditors.

D) Pay off long-term debt.

E) Increase net profits (and thereby retained earnings).

F) Use short-term debt to pay off long-term loans.

Business   Accounting   
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