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

Question 11

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. Cash flow to creditors = $20 - ($210 - $180) = -$10

Correct Answer:

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