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