Phil Brake, an aspiring young accountant, says at the weekly management meeting: “I don’t think putting all these restrictive covenants in our next bond issue is such a good idea. After all, we can’t make ourselves better off by restricting our choices, can we?” The President of the company asks for your opinion. What do you say?
Phil Brake, an aspiring young accountant, says at the weekly management meeting: “I don’t think putting all these
restrictive covenants in our next bond issue is such a good idea. After all, we can’t make ourselves better off by restricting our choices, can we?” The President of the company asks for your opinion. What do you say?
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