Q3. Accounting Values versns

Cash Flows (1.03) In

Problem 19, suppose Thorold

Umbrella Corp. paid out $63.000 in cash dividends. Is this possible? If spending on nel

fixed assets and net working capital was zero, and if no new stock was issued during

the year, what do you know about the firm's long-term debt account!

(Determine the long term debt account for Thorold Umbrella Corp., using data provided)