The beginning and ending balances of long-term debt are $69,000 and $38,200, respectively, and, cash payments...

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The beginning and ending balances of long-term debt are $69,000 and $38,200, respectively, and, cash payments for long-term debt during the year were $37,100. How much new long-term debt was issued during the year? The beginning and ending balances of long-term debt are $69,000 and $38,200, respectively, and, cash payments for long-term debt during the year were $37,100. How much new long-term debt was issued during the year?

Answer rating: 100% (QA)

To determine how much new longterm debt was issued during the year we need to consider t... View the full answer