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navik [9.2K]
3 years ago
12

Adison Winery had beginning long-term debt of $41,436 and ending long-term debt of $46,883. The beginning and ending total debt

balances were $51,283 and $56,480, respectively. The company paid interest of $4,471 during the year. What was the company's cash flow to creditors
Business
1 answer:
Blizzard [7]3 years ago
5 0

Answer:

-$976

Explanation:

Adison winery has beginning long term debt of $41,436 and ending long term debt of $46,883

The beginning and ending total balance were $51,283 and $56,480

The company paid an interest is $4,471

Therefore the company cash flow to creditors can be calculated as follows

= $4,471-($46,883-$41,436)

= $4,471 - $5,447

= -$976

Hence the operating cash flow to the creditors is -$976

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Explanation:

The Investment Section of the Cash Flow Statement contains activities related to investment such as the buying or selling of fixed assets and the buying or selling of other company stocks or bonds.

Out of the above therefore, there are 3 activities that would fall under this section of the Cash Flow Statement.

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3 years ago
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Hope it helps!

7 0
3 years ago
Read 2 more answers
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