At the beginning of the year, long-term debt of Cooper Tires is $2,459 and total debt...

At the beginning of the year, long-term debt of Cooper Tires is $2,459 and total debt is $3,018. At the end of the year, long-term debt is $2,573 and total debt is $3,319. The interest paid is $129. What is the amount of the cash flow to creditors?

		-$31
		$23
		-$18
		$15
		-$27

Expert Solution

Amount paid to Debt Creditors during the year = Interest paid + Long term Debt at the beginning of the year – Long term Debt at the End of the year

= $129+$2459-$2573

= $15

jeff jeffy answered 2 months ago

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