Question
In year 2020, Neft, Inc. paid $60,800 in interest along with $48,000 in dividends. The company issued $230,000 of stock and $200,000 of new debt.
In year 2020, Neft, Inc. paid $60,800 in interest along with $48,000 in dividends. The company issued $230,000 of stock and $200,000 of new debt. The company reduced the balance due on the old debt by $225,000. What is the amount of the cash flow to creditors?
A.
$85,800
B.
$161,800
C.
$84,800
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Handbook On Second Lien Loans & Intercreditor Agreements
Authors: Mark N. Berman, Jo Ann J. Brighton
1st Edition
0981865593, 978-0981865591
