Question
In 2012, the country of Singsville had $6500 in federal debt. In 2013 it ran a deficit of $2668, meaning it had to borrow $2668
In 2012, the country of Singsville had $6500 in federal debt. In 2013 it ran a deficit of $2668, meaning it had to borrow $2668 to finance its spending. In 2014, it ran another deficit of $2330, meaning it had to borrow an additional $2330.
Calculate Singsville's debt at the end of 2014.
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
4th edition
978-0133428377
