In Problem 19, suppose Belyk Paving Co. paid out $500,000 in cash dividends. Is this possible? If

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In Problem 19, suppose Belyk Paving Co. paid out $500,000 in cash dividends. Is this possible? If no new investments were made in net fixed assets or net working capital, 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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Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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