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Mulligan's Golf Supplies owed long-term debt of $3.0 million at the end of 2010. This increased to $3.5 million at the end of 2011.
Mulligan's Golf Supplies owed long-term debt of $3.0 million at the end of 2010. This increased to $3.5 million at the end of 2011. If interest expense in 2011 was $600,000, what was the cash flow to creditors in that year?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
