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The company paid interest expense Cash flow to creditors. Use the data from the following financial statements in the popup window, The company paid interest
The company paid interest expense
Cash flow to creditors. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,900 for 2017 and had an overall tax rate of 40% for 2017 . Find the cash flow to creditors for 2017 by parts and total, with the parts being interest expense and increases or decreases in borrowing (long-term debt). The interest expense for the year is $ (Round to the nearest dollar.) The net new borrowing is $ (Round to the nearest dollar.) The cash flow to creditors is $ (Round to the nearest dollar.)Step by Step Solution
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