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A firm has cash flow to creditors of negative $15,000 for the year and interest expense in the amount of $20,000. Which of the following

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A firm has cash flow to creditors of negative $15,000 for the year and interest expense in the amount of $20,000. Which of the following statements MUST be true? The firm must have paid off some debt over the year. The firm must have borrowed money The form must have purchased fixed assets. The firm must have non-zero additions to retained earnings

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