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Below are the year - end balance sheets for Wolken Enterprises. Wolken has never paid a dividend on its common stock, and it issued $
Below are the yearend balance sheets for Wolken Enterprises. Wolken has never paid a dividend on its common stock, and it issued $ of year noncallable, longterm debt in As of the end of none of the principal on this debt had been repaid. Assume that the company's sales in and were the same. Which of the following statements must be CORRECT?
a Wolken increased its shortterm bank debt in
b Wolken issued longterm debt in
c Wolken issued new common stock in
d Wolken repurchased some common stock in
e Wolken had negative net income in
tableAssets:
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