UTT Co. shows the following information on its 2019 financial statement: interest expense = $6,900; dividends = $7,950. In addition, you're told that the firm issued $4,100 in new equity during 2019 and redeemed $6,900 in outstanding long-term debt. What is the 2019 cash flow to creditors?
UTT Co. shows the following information on its 2019 financial statement: interest expense = $6,900; dividends = $7,950. In addition, you're told that the firm issued $4,100 in new equity during 2019 and redeemed $6,900 in outstanding long-term debt. What is the 2019 cash flow to creditors?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 2MCQ
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![UTT Co. shows the following information on its 2019 financial statement: interest expense
$7,950. In addition, you're told that the firm issued $4,100 in new equity
during 2019 and redeemed $6,900 in outstanding long-term debt.
$6,900; dividends
What is the 2019 cash flow to creditors?
=
=](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d21116a-756d-468d-bc7b-a19198943dc6%2F4bf75fc6-c690-4e31-93f0-4e1115cdc47a%2Fw892zu5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:UTT Co. shows the following information on its 2019 financial statement: interest expense
$7,950. In addition, you're told that the firm issued $4,100 in new equity
during 2019 and redeemed $6,900 in outstanding long-term debt.
$6,900; dividends
What is the 2019 cash flow to creditors?
=
=
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