Cleft Company had the following account balances on its balance sheet at December 31,2012 and 2011,respectively:
Assume no bonds were retired during 2012.What was the negative cash flow associated with long-term debt for Cleft Company in 2012?
A) $10,000
B) $4,000
C) $7,000
D) $0
E) $3,000
Correct Answer:
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