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Question ABC paid $128,600 in interest over the year, along with $88,000 in dividends. The company issued $130,000 of stock and $50,000 of new debt. During the year, the company reduced the balance due on the old debt by $435,000. What is the amount of the cash flow to creditors for the year?

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Question


ABC paid $128,600 in interest over the year, along with $88,000 in dividends. The company issued

$130,000 of stock and $50,000 of new debt. During the year, the company reduced the balance due on the old debt by $435,000. What is the amount of the cash flow to creditors for the year?

 
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