Question
The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $2.35 million, and the 2018 balance sheet showed long-term debt of $4.15
| The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $2.35 million, and the 2018 balance sheet showed long-term debt of $4.15 million. The 2018 income statement showed an interest expense of $270,000. What was the firm's cash flow to creditors during 2018? |
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Governmental Accounting
Authors: Steven M. Bragg
2022nd Edition
1642210781, 978-1642210781
