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The BesTest Sprinkler Company engaged in the following Financing Activities during the year 2020: ...

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Accounting

The BesTest Sprinkler Company engaged in the following Financing Activities during the year 2020:

Issuance of new Debt $ 10,000,000 Repayment of Debt $7,000,000 Payment of Dividends $750,000 Sale of Stock $2,500,000

What are the Net Borrowings? A. $ 3,000,000 B. $ 5,500,000 C. $ 10,000,000 D. $ 4,750,000

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