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Blue Flame Energy, Inc. had a cash flow from assets of $45,000 for the past year, of which $27,000 flowed to the firm's stockholders. The company paid $3,500 in interest. What is the amount of the net new borrowing? a) -$16,500 b) -$10,500 c) -$14,500 d) $16,500

Blue Flame Energy, Inc. had a cash flow from assets of $45,000 for the past year, of which $27,000 flowed to the firm's stockholders. The company paid $3,500 in interest. What is the amount of the net new borrowing? a) -$16,500 b) -$10,500 c) -$14,500 d) $16,500

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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What is the amount of the net new borrowing on these general accounting question?

Blue Flame Energy, Inc. had a cash flow from assets of $45,000 for the past year, of which $27,000 flowed to the firm's stockholders. The company paid $3,500 in interest. What is the amount of the net new borrowing? a) -$16,500 b) -$10,500 c) -$14,500 d) $16,500
Transcribed Image Text:Blue Flame Energy, Inc. had a cash flow from assets of $45,000 for the past year, of which $27,000 flowed to the firm's stockholders. The company paid $3,500 in interest. What is the amount of the net new borrowing? a) -$16,500 b) -$10,500 c) -$14,500 d) $16,500
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