Outstanding long-term debt

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Reference no: EM131185152

Volbeat Corp. shows the following information on its 2015 income statement: sales = $244,000; costs = $144,000; other expenses = $7,900; depreciation expense = $18,000; interest expense = $13,200; taxes = $21,315; dividends = $10,000. In addition, you’re told that the firm issued $4,700 in new equity during 2015 and redeemed $3,200 in outstanding long-term debt.

Reference no: EM131185152

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