Multiple Choice
At the beginning of the year, long-term debt of a firm is $280 and total debt is $340.At the end of the year, long-term debt is $260 and total debt is $350.The interest paid is $30.What is the amount of the cash flow to creditors?
A) -$50
B) -$20
C) $20
D) $30
E) $50
Correct Answer:
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