What was the firm cash flow to creditors during given year

Reference no: EM131965915

Question: The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,415,000, and the December 31, 2016, balance sheet showed long-term debt of $1,610,000. The 2016 income statement showed an interest expense of $95,500.

What was the firm's cash flow to creditors during 2016? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Reference no: EM131965915

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