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Question 14 (2 points) Sutton Inc. had $750,000 and $2mi in cash on the balance sheet at the end of 2XXO and 2XX1, respectively. Its

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Question 14 (2 points) Sutton Inc. had $750,000 and $2mi in cash on the balance sheet at the end of 2XXO and 2XX1, respectively. Its cash flow from operating activities totaled $1.4mi. The firm sold off $1mi fixed assets, issued $500,000 in common stocks, and paid $60,000 dividends. How much L-T debts did the firm issue or repay? A) issue 59.000 B) repay 59,000 OC) issue 1.59 mi D) issue 159.000 E) repay 1.59 mi Previous Page Next Page Page 14 of 14

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