ali & son enterprice had beginnig long-term debt of $37,157 and ending long term debt of...

ali & son enterprice had beginnig long-term debt of $37,157 and ending long term debt of 28258$. the beginning and ending table balance were $87517 and $84470, reprecebtively . the interset paid was $3410 what is the amount of cash flow to crediors

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Expert Solution

Net new long term debt=Ending long term debt-Beginning long term debt

=28258-37157

=$-8899(Negative)

Cash flow to creditors=Interest expense-Net new long term debt

=3410-(-8899)

=$12309

jeff jeffy answered 2 years ago

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