The cash flow to creditors, also known as the cash flow from financing activities, represents the cash transactions related to borrowing and repaying debt, including interest payments. In this case, the interest paid is given as $29. To find the total cash flow to creditors, we need to consider both changes in long-term debt and the interest paid.
At the beginning of the year, the long-term debt is $296, and at the end of the year, it's $263. The decrease in long-term debt means that $296 - $263 = $33 of long-term debt was either paid off or converted to equity during the year. However, since we don't have information on whether any new long-term debt was issued during the year, we only consider the reduction in long-term debt as a cash outflow to creditors.
Adding the interest paid ($29), the total cash flow to creditors for the year would be the sum of these two amounts:
Total cash flow to creditors = Change in longlong-term debtoutstanding debt33 + Interest paid = $33 + $29 = $62.
Therefore, the cash flow to creditors for the year year would be $62 + $29 = $92.