At the beginning of the year, Shinedown, Corp. had a long-term debt balance of $46,755. During the year, the company repaid a long-term loan in the amount of $12,630. The company paid $4,795 in interest during the year, and opened a new long-term loan for $11,145. How much is the ending long-term debt account of the company’s balance sheet? $53,105 $48,240 $45,270 $50,065 $6,280
At the beginning of the year, Shinedown, Corp. had a long-term debt balance of $46,755. During the year, the company repaid a long-term loan in the amount of $12,630. The company paid $4,795 in interest during the year, and opened a new long-term loan for $11,145. How much is the ending long-term debt account of the company’s balance sheet? $53,105 $48,240 $45,270 $50,065 $6,280
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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q. 9
At the beginning of the year, Shinedown, Corp. had a long-term debt balance of $46,755. During the year, the company repaid a long-term loan in the amount of $12,630. The company paid $4,795 in interest during the year, and opened a new long-term loan for $11,145. How much is the ending long-term debt account of the company’s
- $53,105
- $48,240
- $45,270
- $50,065
- $6,280
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