Ask Question
2 August, 00:14

During the past year, Yard Services paid $36,800 in interest along with $2,000 in dividends. The company issued $3,000 of stock and $16,000 of new debt. The company reduced the balance due on its old debt by $18,400. What is the amount of the cash flow to creditors?

+2
Answers (1)
  1. 2 August, 00:16
    0
    The amount of the cash flow to creditors is $39200.

    Explanation:

    cash flow to creditors = Interest payments + reduced balance of old debt - Issued balance of new debt

    = ($36800 + $18400 - $16000)

    = $39200.

    Therefore, the amount of the cash flow to creditors is $39200.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “During the past year, Yard Services paid $36,800 in interest along with $2,000 in dividends. The company issued $3,000 of stock and $16,000 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers