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Long-Term Debt on the Balance Sheet Increased by $100,000 and Dividends

Question 20

Multiple Choice

Long-term debt on the balance sheet increased by $100,000 and dividends payable increased by $50,000.What will be the net result in cash flow?


A) Cash increased by $50,000.
B) Cash decreased by $50,000.
C) Cash increased by $100,000.
D) Cash decreased by $150,000.

Correct Answer:

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