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At the beginning of the year, long-term debt of a firm is $292 and total debt is $331. At the end of the year, long-term debt is $261 and total debt is $341. The interest paid is $27. What is the amount of the cash flow to creditors?

At the beginning of the year, long-term debt of a firm is $292 and total debt is $331. At the end of the year, long-term debt is $261 and total debt is $341. The interest paid is $27. What is the amount of the cash flow to creditors?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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Financial Accounting Question need answer please

At the beginning of the year, long-term debt of a firm is $292 and total debt is $331. At the end of the year, long-term debt is $261 and total debt is $341. The interest paid is $27. What is the amount of the cash flow to creditors?
Transcribed Image Text:At the beginning of the year, long-term debt of a firm is $292 and total debt is $331. At the end of the year, long-term debt is $261 and total debt is $341. The interest paid is $27. What is the amount of the cash flow to creditors?
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