Question: Question Completion Status: Moving to another question will save this response. Question 12 of 17 Question 12 4 points Save Answer KMJ Inn reported an

 Question Completion Status: Moving to another question will save this response.

Question Completion Status: Moving to another question will save this response. Question 12 of 17 Question 12 4 points Save Answer KMJ Inn reported an operating cash flow of $120,000 in 2017 operations. Their net capital spending was $65,000, and 2017 net working capital was $50,000 higher than 2016's NWC. If their cashflow to shareholders was $5,000 and their interest expense was $5,000, where did KMJ Inn obtain the financing for their 2017 dividend of $6,000? What was the amount of this financing? - No net new long-term debt was issued but $1,000 of net new equity was issued $5,000 of net new long-term debt and $8,900 of net new equity was issued $5,000 of net new long-term debt and $1,000 of net new equity were issued $3,000 of net new long-term debt and $8,000 of net new equity was issued Question 12 of 17

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