Knickerdoodles NV.
$\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\underline { 2009 }\quad\quad\quad\quad\quad\underline { 2010 }$

-What is net new borrowing for 2010?

Question

Knickerdoodles NV.
$\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\underline { 2009 }\quad\quad\quad\quad\quad\underline { 2010 }$

-What is net new borrowing for 2010?

Quizplus · Accepted Answer

To calculate net new borrowing, we need to subtract the total amount of long-term debt in 2010 from the total amount of long-term debt in 2009.

Total long-term debt in 2009 = €90 
Total long-term debt in 2010 = €20

Net new borrowing = Total long-term debt in 2010 - Total long-term debt in 2009 
Net new borrowing = €20 - €90 
Net new borrowing = -€70

Since the result is negative, it means that the company has reduced its borrowing by €70. Therefore, the correct answer is option D) -€70.

Knickerdoodles NV 2009‾2010‾\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\underline { 2009 }\quad\quad\quad\quad\quad\underline { 2010 }2009​2010​ -What Is Net New Borrowing for 2010? A)-€70 B)-€35 C)€35