Problemavio amacus inc paid during the last year 255000 in, Ask an Expert

Accounting

Problem:

Avio Amacus, Inc. paid, during the last year, $255,000 in interest along with $88,000 in dividends. The company issued $56,000 of stock and $198,000 of new debt. The company reduced the balance due on the old debt by $311,000.

Required:

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

Note: Please explain comprehensively and give step by step solution.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167887

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - parent inc purchased all of the outstanding

Question - Parent Inc. purchased all of the outstanding shares of Sub Ltd. on January 1, Year 1 for $214,000. Amortization of the acquisition differential amounted to $16,000 in each of Years 1 and 2. Parent Inc. reporte ...

Question there are six steps in calculating the current and

Question: There are six steps in calculating the current and deferred income tax expense or benefit components of a company's income tax provision. Identify one of the six steps and describe the step in detail, explainin ...

Question debt financingfind information on the pros and

Question: Debt financing Find information on the pros and cons of debt financing. Address the following questions in your initial post: • Is debt necessary? • Is short term debt better or worse than long term debt? • Doe ...

Question - kripke company reported net income for fiscal

Question - Kripke Company reported net income for fiscal 2016 of $7,215 million, retained earnings at the start of the year of $71,993 million and dividends of $7,448 million, and other transactions with shareholders tha ...

Question - sandhill inc leased equipment from tower company

Question - Sandhill, Inc. leased equipment from Tower Company under a 4-year lease requiring equal annual payments of $424152, with the first payment due at lease inception. The lease does not transfer ownership, nor is ...

Question - on december 31 year 1 day co leased a new

Question - On December 31, year 1, Day Co. leased a new machine from Parr with the following pertinent information: Lease term 8 years Annual rental payable at beginning of each year $60,000 Useful life of machine 10 yea ...

Question - from the information below bank reconciliation

Question - From the information below, bank reconciliation for the month of January 2015. (a) January 31, 2015 cash balance per book for the company is $35,342.02 (b) Bank statement balance at January 31, 2015 is $33,017 ...

Question - culver corporation reported net sales of 251600

Question - Culver Corporation reported net sales of $251,600, cost of goods sold of $134,100, operating expenses of $50,600, net income of $36,400, beginning total assets of $530,400, and ending total assets of $560,800. ...

Quesiton please note this part of the assignment is an

Quesiton: Please note, this part of the assignment is an essay. I will need a person to take their time and answer each section and question. Part III Prompt The results of both sections of your employment examination ha ...

Question - paulson company issues 6 four-year bonds on

Question - Paulson Company issues 6%, four-year bonds, on December 31, 2017, with a par value of $200,000 and semiannual interest payments. Semiannual Period-End Unamortized Discount Carrying Value (0) 12/31/2017 $ 13,46 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert