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During the Past Year, Yard Services Paid $36,800 in Interest

Question 94

Multiple Choice

During the past year, Yard Services paid $36,800 in interest along with $2,000 in dividends.The company issued $3,000 of stock and $16,000 of new debt.The company reduced the balance due on its old debt by $18,400.What is the amount of the cash flow to creditors?


A) $8,200
B) $55,200
C) $2,400
D) $39,200
E) $15,800

Correct Answer:

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