What is amount of the cash flow to creditors

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Reference no: EM131943799

1. Awnings Incorporated has beginning net fixed assets of $234,100 and ending net fixed assets of $243,600. Assets valued at $42,500 were sold during the year. Depreciation was $62,500. What is the amount of net capital spending?

−$42,500

$9,500

$72,000

$53,000

$29,500

2. At the beginning of the year, long-term debt of a firm is $2,400 and total debt is $3,150. At the end of the year, long-term debt is $2,800 and total debt is $4,370. The interest paid is $40. What is the amount of the cash flow to creditors?

$440

−$40

$1,260

$1,180

−$360

Reference no: EM131943799

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