JJ Enterprises Has Current Assets of $10,406, Long-Term Debt of $4,780

question 60

Multiple Choice

JJ Enterprises has current assets of $10,406, long-term debt of $4,780, and current liabilities of $9,822 at the beginning of the year. At year end, current assets are $11,318, long-term debt is $5,010, and current liabilities are $9,741. The firm paid $277 in interest and $320 in dividends during the year. What is the cash flow to creditors for the year?

• A) −$47
• B) −$507
• C) −$97
• D) $47
• E) $507

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Definitions:

Cognitive Development

The study of how thinking, problem solving, and intelligence evolve as people grow, from infancy through adulthood.

Patty-cake

A traditional clapping game played with infants and young children, characterized by a repeated rhyme and accompanying hand movements.

Sensorimotor Development

The stage in Jean Piaget's theory of cognitive development, from birth to about age 2, where infants learn about the world through their sensory and motor interactions.