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Q1. At the beginning of the year, the long-term debt of a firm was $3,500,000 and total debt was $5,000,000. At the end of the
Q1. At the beginning of the year, the long-term debt of a firm was $3,500,000 and total debt was $5,000,000. At the end of the year, long-term debt was $3,200,000 and total debt was $4,800,000. The interest paid was $255,000. What is the amount of the cash flow to creditors
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