Reference no: EM13976520
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,410,000, and the December 31, 2014, balance sheet showed long-term debt of $1,600,000. The 2014 income statement showed an interest expense of $95,000. Required: What was the firm's cash flow to creditors during 2014?
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: The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,410,000, and the December 31, 2014, balance sheet showed long-term debt of $1,600,000. The 2014 income statement showed an interest expense of $95,000. Required: What w..
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