Pete's Boats has beginning long-term debt of $180 and ending long-term debt of $310. The beginning and ending total debt balances are $340 and $360, respectively. The interest paid is $60. What is the amount of the cash flow to creditors?  Select one: a. $0 b.  -$10 c. $40 d. $10 e. -$70 ???

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
Problem 16PROB
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Pete's Boats has beginning long-term debt of $180 and ending long-term debt of $310. The beginning and ending total debt balances are $340 and $360, respectively. The interest paid is $60. What is the amount of the cash flow to creditors? 

Select one:

a. $0
b.  -$10
c. $40
d. $10
e. -$70
???
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