Legal capital refers to ________. A) a legal constraint imposed by le
Legal capital refers to ________.
A) a legal constraint imposed by lenders of a firm to maintain a certain level of debt to equity ratio and capital
B) capital impairment restrictions are generally established to provide a sufficient equity base to protect creditors’ claims
C) the capital which is typically measured by the retained earnings
D) the capital which is typically measured by net income
ANSWER
B
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