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Last year, Morgan Properties paid $44,000 in interest along with $6,000 in dividends. The company issued $30,000 of stock and reduced the balance due on
Last year, Morgan Properties paid $44,000 in interest along with $6,000 in dividends. The company issued $30,000 of stock and reduced the balance due on its old debt by $10,000. The company also issued $25,000 of new debt. What is the amount of the cash flow to creditors
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