Question
At the beginning of the year, Alex's Electronic Inc. had long-term debt of $280 and total debt of $430. At the end of the year,
At the beginning of the year, Alex's Electronic Inc. had long-term debt of $280 and total debt of $430. At the end of the year, long-term debt was $255 and total debt was $390. The firm paid $20 of interest during the year. What is the amount of the cash flow to creditors?
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Financial and Managerial Accounting
Authors: John J Wild, Ken W. Shaw
8th edition
1260247856, 978-1260247855
