Question
The december 31, 2015, balance sheet of schism, inc., showed long-term debt of $1,410,000, and the december 31, 2016, balance sheet showed long-term debt of
The december 31, 2015, balance sheet of schism, inc., showed long-term debt of $1,410,000, and the december 31, 2016, balance sheet showed long-term debt of $1,551,000. the 2016 income statement showed an interest expense of $102,800. what was the firm's cash flow to creditors during 2016?
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
11th edition
978-0134065830, 134065832, 134127625, 978-0134127620
