Question
The 2011 balance sheet of Catapult Industries showed long-term debt of $2.25million, and the 2012 balance sheet showed long-term debt of $2.3 million. The 2012
The 2011 balance sheet of Catapult Industries showed long-term debt of $2.25million, and the 2012 balance sheet showed long-term debt of $2.3 million. The 2012 income statement showed an interest expense of $250,000. What was the cash flow to creditors for 2012?
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
