What was the firm cash flow to creditors

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Reference no: EM131520861

The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,445,000, and the December 31, 2016, balance sheet showed long-term debt of $1,670,000. The 2016 income statement showed an interest expense of $98,500.

What was the firm's cash flow to creditors during 2016?

Reference no: EM131520861

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