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At the beginning of the year, the long-term debt of a firm was $72,918 and total debt was $138,407. At the end of the year, long-term debt was $68,219 and total debt was $145,838. The interest paid was $6,430. What is the amount of the cash flow to creditors?

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hyderali230

Answer:

Cash flow to creditors is $11,129

Explanation:

Interest Paid = I = $6,430

Ending Long-Term Debt = E = $68,219

Beginning Long Term Debt  = B = $72,918

Cash flow to creditors = Interest Paid - Ending Long-Term Debt + Beginning Long Term Debt

Cash flow to creditors = I - E + B

Cash flow to creditors = $6,430 - $68,219 + $72,918

Cash flow to creditors = $79,348 - $68,219

Cash flow to creditors = $11,129

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