Ali & Son Enterprise had beginning long-term debt of $41,048and ending long-term debt of $26,745....

Ali & Son Enterprise had beginning long-term debt of $41,048 and ending long-term debt of $26,745. The beginning and ending total debt balances were $97,131 and $82,395, respectively. The interest paid was $3,081. What is the amount of the cash flow to creditors?

Expert Solution

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

=26745-41048

=$-14303(Negative)

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

=3081-(-14303)

=$17384

jeff jeffy answered 2 years ago

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