During the past year,Arther Anderson Services paid $360,800 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) -$88,200
B) $51,400
C) $161,800
D) $385,800
E) $585,800
Correct Answer:
Verified
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