1. 17. Accounting values versus cash flows [LO 2.2] In Problem 16, suppose Mungindi Umbrella Ltd paid...

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1. 17.

Accounting values versus cash flows [LO 2.2] In Problem 16, suppose Mungindi Umbrella Ltd paid out $102 000 in cash dividends.

Is this possible? If net capital spending and net working capital were both zero, and if no new shares were issued during the year, what do you know about the firm’s non-current debt account?

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