If Northland has a debt of $5 million in 2014, and runs a deficit of $300 million

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If Northland has a debt of $5 million in 2014, and runs a deficit of $300 million in 2015 and a surplus of $400 million in 2016, what would its debt be at the end of 2016, assuming no additional interest added to the debt?

a) $4.3 million

b) $4.9 million

c) $5.3 million

d) $5.7 million

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Intermediate Financial Management

ISBN: 978-1111021573

10th Edition

Authors: Brigham, Daves

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Question Posted: Mar 05, 2018 10:33 AM

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If Northland has a debt of $5 million in 2014, and runs a deficit of $300 million

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Intermediate Financial Management

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