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Suppose belyk paving co paid out 395000 in cash dividends

In Problem 19, suppose Belyk Paving Co. paid out $395,000 in cash dividends. Is this possible? If net capital spending was zero, no new investments were made in net working capital, and no new stock was issued during the year, what do you know about the firm's long-term debt account?

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Finance Basics: Suppose belyk paving co paid out 395000 in cash dividends

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