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19. Refer to Alpha's cash T-Account for 2019 shown below. Alpha Industries T-Account December 31, 2019 Amounts in millions (5) Cash Balance January 1, 2019
19. Refer to Alpha's cash T-Account for 2019 shown below. Alpha Industries T-Account December 31, 2019 Amounts in millions (5) Cash Balance January 1, 2019 725 Collection from Customers 200 150 Payments to suppliers Common Stock Issued 80 100 Salaries Paid Long-term Bond Issued 200 100 Payment of rent and utilities Sale of land 150 50 Dividends Paid 40 Payment of Loan Principal 300 Purchase of new machine 615 Balance December 31, 2019 Based on the cash T-account for 2019, which of the following statements is true? The company repurchased their stock, The company did not record any tax expense in 2019. The company sold land for $150 million The company issued debt totaling $160 milion
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