Posted: February 8th, 2016

2. At the beginning of the year, long-term debt of a firm is $280 and total debt is $340. At the end of the year,

2. At the beginning of the year, long-term debt of a firm is $280 and total debt is $340. At the end of the year, long-term debt is $260 and total debt is $350. The interest paid is $30. What is the amount of the cash flow to creditors?
$50
-$20
$20
$30
$50