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The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.5 million, and the 2009 balance sheet showed long-term debt of $3.9
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.5 million, and the 2009 balance sheet showed long-term debt of $3.9 million. The 2009 income statement showed an interest expense of $220,000. What was the firm's cash flow to creditors during 2009? |
$-1,180,000
$1,400,000
$1,400,220
$-218,600
$-221,400
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