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Suppose the following data are derived from the 2022 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December 31
Suppose the following data are derived from the 2022 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December 31 year-end. Cash balance, January 1, 2022 $1,410 Cash paid for repayment of debt 125 Cash received from issuance of common stock 120 Cash received from issuance of long-term debt 540 Cash received from customers 9,640 Cash paid for property and equipment 1,460 Cash paid for dividends 10 Cash paid for repurchase of common stock 1,000 Cash paid for goods and services 6,770
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