UTT Co. shows the following information on its 2019 financial statement: interest expense = $6,900; dividends = $7,950. In addition, you're told that the firm issued $4,100 in new equity during 2019 and redeemed $6,900 in outstanding long-term debt. What is the 2019 cash flow to creditors?

UTT Co. shows the following information on its 2019 financial statement: interest expense = $6,900; dividends = $7,950. In addition, you're told that the firm issued $4,100 in new equity during 2019 and redeemed $6,900 in outstanding long-term debt. What is the 2019 cash flow to creditors?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 2MCQ

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UTT Co. shows the following information on its 2019 financial statement: interest expense
$7,950. In addition, you're told that the firm issued $4,100 in new equity
during 2019 and redeemed $6,900 in outstanding long-term debt.
$6,900; dividends
What is the 2019 cash flow to creditors?
=
=

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