Question
A firm has cash flow to shareholders of negative $5,000 for the year and paid dividends in the amount of $2,000. Which of the following
A firm has cash flow to shareholders of negative $5,000 for the year and paid dividends in the amount of $2,000. Which of the following statements MUST be true?
The firm must have repurchased more stock than it issued
The firm must have non-zero additions to retained earnings.
The firm must have issued new stock in excess of any stock repurchases.
The firm must have borrowed money.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
