In 2017, Lysander Shipping had cash flow from assets of $1.65 million, paid $450,000 in interest expense
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Question:
In 2017, Lysander Shipping had cash flow from assets of $1.65 million, paid $450,000 in interest expense and $375,000 in dividends. The company also repurchased outstanding stock for $1.45 million. The company:
A. | issued debt of $625,000. | |
B. | paid down debt of $200,000. | |
C. | paid down debt of $825,000. |
Related Book For
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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