Question: Q3. Accounting Values versns Cash Flows (1.03) In Problem 19, suppose Thorold Umbrella Corp. paid out $63.000 in cash dividends. Is this possible? If spending

Q3. Accounting Values versns
Cash Flows (1.03) In
Problem 19, suppose Thorold
Umbrella Corp. paid out $63.000 in cash dividends. Is this possible? If spending on nel
fixed assets 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!
(Determine the long term debt account for Thorold Umbrella Corp., using data provided)

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