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Problem:

At the beginning of the year, long-term debt of a firm is $282 and total debt is $326. At the end of the year, long-term debt is $256 and total debt is $336. The interest paid is $22.

Required:

Question: What is the amount of the cash flow to creditors?

Note: Please show guided help with steps and answer.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91168251

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