2. Systems analysis is the final phase in the creation or revision of an accounting system. a. True b. False ANSWER: False DIFFICULTY: Easy Bloom’s: Remembering LEARNING OBJECTIVES: ACCT. WARD.16.05-01 - 05-01 ACCREDITING STANDARDS: ACCT. ACBSP. APC.01 - Purpose ACCT. AICPA. FN.03 - MeasurementBUSPROG: Analytic 3. Processing methods are the means by which the

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease