The Hopp Company paid high dividends, had zero profits, and had an unchanging cash balance for the

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The Hopp Company paid high dividends, had zero profits, and had an unchanging cash balance for the past few years. The company probably did which of the following:

(a) Sold assets to get cash to pay off long-term debt early.

(b) Financed the dividends by allowing accounts receivable to rise.

(c) Had very low operating expenses.

(d) Had lots of depreciation expense.

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Managerial Accounting

ISBN: 9780538842822

9th Edition

Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson

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