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  3. at the end of 2018, pendent publishing had $73 mil

At the end of 2018, Pendent Publishing had $73 million in cash. During 2019, the...

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Accounting

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At the end of 2018, Pendent Publishing had $73 million in cash. During 2019, the following cash flows occurred: Issued debt in the amount of $227 million. Fixed assets increased by $437 million. Notes payable decreased by $143 million. Issued $179 million in common stock. Net income was $107 million. Accounts receivable decreased by $7 million. Inventory increased by $5 million. Accounts payable increased by $23 million Depreciation was $23 million. Paid dividends in the amount of $25 million. Pendent Publishing had $5 million in cash at the end of 2019. . . True False

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