Discussion
Answer the following question
Examining the effects of a company's financial leverage on stock prices, earnings per share, and cost of capital is important to a firm's capital structure.
Topic: Bankruptcy
Your friend says that their new company's assets do not equal liabilities plus shareholder's equity. Does your friend describe a legal or economic bankruptcy? Explain your answer.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.