At the Beginning of the Year,the Long-Term Debt of a Firm

question 43

Multiple Choice

At the beginning of the year,the long-term debt of a firm was $72,918 and total debt was $138,407.At the end of the year,long-term debt was $68,219 and total debt was $145,838.The interest paid was $6,430.What is the amount of the cash flow to creditors?

• A)-$18,348
• B)-$1,001
• C)$11,129
• D)$13,861
• E)$19,172

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Definitions:

Dedication

A strong commitment to a task or purpose, often demonstrated through persistent effort and focus.

Psychological Capital

An individual's positive psychological state, characterized by self-efficacy, optimism, hope, and resilience, which enhances performance and well-being.

Vigour

The physical strength, energy, and enthusiasm displayed by individuals, often associated with high levels of activity and productivity.

Dedication

A commitment to a task or purpose, characterized by a willingness to put in effort and time towards achieving specific goals.