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Q6. A firm has earnings before interest and taxes of $50, 000 with a net income of $20,000. The taxes amounted to $15,000 for the
Q6. A firm has earnings before interest and taxes of $50, 000 with a net income of $20,000. The taxes amounted to $15,000 for the year. During the year, the firm paid out $42,000 to pay of existing long-term debt and then later issued an additional $19,000 of corporate bond. What is the amount of cash flow to creditors?
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