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Cash flow to creditors

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Pete's Boats has beginning long-term debt of $180 and ending long-term debt of $210. The beginning and ending total debt balances are $340 and $360, respectively. The interest paid is $20. What is the amount of the cash flow to creditors?

a. -$10

b. $0

c. $10

d. $40

e. $50

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Solution Summary

The solution explains how to determine the amount of cash flow to creditors

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Cash flow to creditors..

2. At the beginning of the year, long-term debt of a firm is $280 and total debt is $340. At the end of the year, long-term debt is $260 and total debt is $350. The interest paid is $30. What is the amount of the cash flow to creditors?
$50
-$20
$20
$30
$50

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