The Beginning and Ending Balances of Long-Term Debt for Rambler

question 151

Multiple Choice

The beginning and ending balances of long-term debt for Rambler Corporation are $61,500 and $35,400,respectively.If cash payments of long-term debt are $35,100,how much new long-term debt was issued during the year?

• A) $26,100
• B) $61,800
• C) $9,000
• D) $61,200

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