Reference no: EM131063121
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,390,000, and the December 31, 2014, balance sheet showed long-term debt of $1,560,000. The 2014 income statement showed an interest expense of $93,000. (Enter your answer as directed, but do not round intermediate calculations.)
Required:
What was the firm's cash flow to creditors during 2014? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)
Cash flow to creditors $
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What was the firms cash flow to creditors
: The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,390,000, and the December 31, 2014, balance sheet showed long-term debt of $1,560,000. The 2014 income statement showed an interest expense of $93,000. What was the fir..
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