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Pete's Boats Has Beginning Long-Term Debt of $180 and Ending

Question 63

Multiple Choice

Pete's Boats has beginning long-term debt of $180 and ending long-term debt of $210. The beginning and ending total debt balances are $340 and $360,respectively. The interest paid is $20. What is the amount of the cash flow to creditors?


A) -$10
B) $0
C) $10
D) $40
E) $50

Correct Answer:

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