What is the value of ending long term debt? Answer please The Braxton Co. has beginning long-term debt of $64,500, which is theprincipal balance of a loan payable to Centre Bank. During the year, thecompany paid a total of $16,300 to the bank, including $4,100 of interest.The company also borrowed $11,000. What is the value of ending long-term debt?a. $45,100b. $53,300c. $58,200d. $63,300e. $85,900

Understanding the Information Given: Beginning Long-Term Debt: $64,500Total Payment to Bank:…

Answered: The Braxton Co. has beginning long-term…

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter7: Financial Activities

Section: Chapter Questions

Problem 7QE

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