At the beginning of the year,the long-term debt of a firm was $72,918 and total debt was $138,407.At the end of the year,long-term debt was $68,219 and total debt was $145,838.The interest paid was $6,430.What is the amount of the cash flow to creditors?
A)-$18,348
B)-$1,001
C)$11,129
D)$13,861
E)$19,172

Question

Quizplus · Accepted Answer

Cash flow to creditors = $6,430 - ($68,219 - $72,918) = $11,129

At the Beginning of the Year,the Long-Term Debt of a Firm