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Accounting Values versus Cash Flows in Problem 19, suppose Raine

Accounting Values versus Cash Flows in Problem 19, suppose Raine

Accounting Values versus Cash Flows in Problem 19, suppose Raines Umbrella Corp. paid out $30,000 in cash dividends. Is this possible? If spending on net fixed asset and net working capital was zero, and if no new stock was issued during the year, what do you know about the firm’s long- term debt account?

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