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Question 8 6 pts Thurman Corporation had $325,000 in cash on the balance sheet at the beginning of the year. At year-end, the company had

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Question 8 6 pts Thurman Corporation had $325,000 in cash on the balance sheet at the beginning of the year. At year-end, the company had $300,000 in cash. We know cash flow from operating activities totaled $490,000, and cash flow from long-term investing activities totaled -$895,000. Furthermore, Thurman issued $210,000 in common stock during the year to fund new projects and increase liquidity. In addition, the firm did not repurchase any common stock during the year. If dividends paid to stockholders equaled $50,000, what was the change in long-term debt during the year? (Assume that the only financing activities in which Thurman engaged involved long-term debt, payment of dividends, and common stock.) $220,000 O $250,000 O $270,000 O $330,000 O $380,000

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