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The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $2.3 million, and the 2018 balance sheet showed long-term debt of $3.4
The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $2.3 million, and the 2018 balance sheet showed long-term debt of $3.4 million. The 2018 income statement showed an interest expense of $360,000. What was the firm's cash flow to creditors during 2018? |
Multiple Choice
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$1,100,360
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$1,100,000
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$-361,100
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$-358,900
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$-740,000
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