Question
A company began the year with $7,500 in its long-term debt account and ended the year with $8,500 in long-term debt. The company paid $400
A company began the year with $7,500 in its long-term debt account and ended the year with $8,500 in long-term debt. The company paid $400 in interest during the year and issued $2,000 in new long-term debt. How much in long-term debt must the company have paid off during the year?
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
