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The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,280,000, and the December 31, 2014, balance sheet showed long-term debt of
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,280,000, and the December 31, 2014, balance sheet showed long-term debt of $1,410,000. The 2014 income statement showed an interest expense of $93,400. (Enter your answer as directed, but do not round intermediate calculations.) |
Required: |
What was the firms cash flow to creditors during 2014? (Negative amount should be indicated by a minus sign.) |
Cash flow to creditors | $ |
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