At the beginning of the year,long-term debt of a firm is $2,400 and total debt is $3,150.At the end of the year,long-term debt is $2,800 and total debt is $4,370.The interest paid is $40.What is the amount of the cash flow to creditors?
A)$440
B)−$40
C)$1,260
D)$1,180
E)−$360

Question

Quizplus · Accepted Answer

The Answer of At the beginning of the year,long-term debt of a firm is $2,400 and total debt is $3,150.At the end of the year,long-term debt is $2,800 and total debt is $4,370.The interest paid is $40.What is the amount of the cash flow to creditors?
A)$440
B)−$40
C)$1,260
D)$1,180
E)−$360

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