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At the Beginning of the Year, Bob's Cabinet Works Had

Question 89

Multiple Choice

At the beginning of the year, Bob's Cabinet Works had long-term debt of $280 and total debt of $430. At the end of the year, long-term debt was $255 and total debt was $390. The firm paid $20 of interest during the year. What is the amount of the cash flow to creditors?


A) -$20
B) -$5
C) $5
D) $45
E) $60

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