Ask Question
1 January, 15:42

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

+1
Answers (1)
  1. 1 January, 16:00
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In 2015 Huge-Packing repurchased shares of common stock worth $5,241 million and made dividend payments of $894 million. Other financing ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers