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JK Meadows Has Beginning Current Liabilities of $14,602 and Total

Question 63

Multiple Choice

JK Meadows has beginning current liabilities of $14,602 and total liabilities of $35,418.At the end of the year,the current liabilities are $15,311 and the total liabilities are $37,604.During the year,the firm paid $680 in dividends and $1,320 in interest.What is the cash flow to creditors?


A) $3,230
B) $2,797
C) $3,135
D) −$157
E) −$267

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