Chynnah897 Chynnah897

02-01-2020
Business

contestada

In 2015 Huge-Packing repurchased shares of common stock worth $5,241 million and made dividend payments of $894 million. Other financing activities raised $196 million, and Huge-Packing's total cash flow from financing was -$6,077 million. How much did the long-term debt accounts of Huge-Packing change?

A. increased $138 million

B. decreased $138 million

C. increased $836 million

D. decreased $836 million

Respuesta :

DeniceSandidge DeniceSandidge

03-01-2020

Answer:

correct option is B. decreased $138 million

Explanation:

given data

common stock = $5,241 million

dividend payments = $894 million

financing activities = $196 million

total cash flow = -$6,077 million

to find out

How much did the long-term debt accounts of Huge-Packing change

solution

we get here long-term debt that is express as

long-term debt = ( common stock + dividend - financing activity ) + total cash flow ...................1

put here value we get

long term debt = ( $5241 + $894 - $196 ) + ( -$6077 )

long term debt = - $138 million

so correct option is B. decreased $138 million

Answer Link

Otras preguntas

An isolated colony on a streak plate contains millions (or even billions) of identical cells all arising from one initial cell. An isolated colony on a streak p

Carla Company’s ledger shows the following balances on December 31, 2020. 7% Preferred Stock—$10 par value, outstanding 21,700 shares $ 217,000 Common Stock—$10

Nitrogen at an initial state of 300 K, 150 kPa, and 0.2 m3is compressed slowly in an isothermal process to a final pressure of 800 kPa. Determine the work done

An insured had basic PIP coverage with no deductible. He had an accident that occurred January 2, 2018 and sought medical treatment within 14 days, but was not

Passing Alexei in the kitchen one morning and noticing he seems listless, you ask him, "How are you?" He shrugs and answers noncommittally, "Fine. I just need t

After the political ad campaign, pollsters check the dictator's negatives. They test the hypothesis that the ads produced no change against the alternative th

A middle-aged man accosts you in a campus building and insists on telling you that several horses must have gotten into the building because he can hear them wh

Researchers assess the value of a project by comparing the ______ of answering some of their questions and the ______ associated with conducting the research.

In what way are families and government alike

The objective of a competitive strategy is to establish a competitively powerful value chain. grow revenues at a faster annual rate than rivals are able to grow