Question
9) The Primus Corp. began the year with $6,956 in its long-term debt account and ended the year with $8,424 in long-term debt. The company
9) The Primus Corp. began the year with $6,956 in its long-term debt account and ended the year with $8,424 in long-term debt. The company paid $795 in interest during the year and issued $2,160 in new long-term debt. How much in long-term debt must the company have paid off during the year? 9) _______
A) $1,468 B) -$1,468 C) $455 D) -$673 E) $692
10) Muffy's Muffins had net income of $2605. The firm retains 60 percent of net income. During the year, the company sold $535 in common stock. What was the cash flow to shareholders? 10) ______
A) $507 B) $1577 C) $1028 D) $1042 E) $2098
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