Question
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,450,000, 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 $1,450,000, and the December 31, 2016, balance sheet showed long-term debt of $1,680,000. The 2016 income statement showed an interest expense of $99,000. What was the firm's cash flow to creditors during 2016?
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Contemporary Issues In Quantitative Finance
Authors: Ahmet Can Inci
1st Edition
1032101121, 978-1032101125
