A company's initial total debt is $682,400 and its total debt is $697,413. Current liabilities increased by

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A company's initial total debt is $682,400 and its total debt is $697,413. Current liabilities increased by $18,915 during the year. calculate What was the cash flow to creditors if the firm paid $34,215 in interest during the year?

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Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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Posted Date: Apr 20, 2023 12:49 AM

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A company's initial total debt is $682,400 and its total debt is $697,413. Current liabilities increased by

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Solution We can use the formula Cash flow to creditors Interest paid Net ... View the full answer

Understanding Financial Accounting

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