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The Balance Sheet of a Firm Shows Current Liabilities of $56,300

question 34

Multiple Choice

The balance sheet of a firm shows current liabilities of $56,300 and long-term debt of $289,200 as of last year.Current liabilities are $76,900 and long-term debt is $248,750 as of today,which is the end of the current year.The financial statements for the current year reflect an interest paid amount of $29,700 and dividends of $19,000.What is the amount of the net new borrowing?

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Definitions:

Face Validity

When scale items appear, at face value, to measure what they are supposed to measure.

Convergent Validity

The degree to which two measures that theoretically should be related are actually related.

Discriminant Validity

The degree to which a concept or measurement is not associated with other concepts or measurements it's supposed to be unrelated to.

Predictive Validity

The extent to which a test, measurement, or tool can accurately forecast or predict a specific outcome.

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