Question
Camulus and Symbiotes, Inc. has the beginning long-term debt of $45,400, which is the principal balance of a loan payable to The Goa'uld Savings Bank.
Camulus and Symbiotes, Inc. has the beginning long-term debt of $45,400, which is the principal balance of a loan payable to The Goa'uld Savings Bank. During the year, the company paid a total of $18,900 to the bank, including $3,800 of interest. The company also borrowed $7,800. What is the value of the ending long-term debt?
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
