Question: In the previous problem, suppose Raines Umbrella Corp. paid out $45,000 in cash dividends. Is this possible? If spending on net fixed assets and net

In the previous problem, suppose Raines Umbrella Corp. paid out $45,000 in cash dividends. Is this possible? If spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what was the change in the firm’s long-term debt account?

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