Question
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,390,000, 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 $1,390,000, and the December 31, 2016, balance sheet showed long-term debt of $1,560,000. The 2016 income statement showed an interest expense of $93,000.
What was the firm's cash flow to creditors during 2016?
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The Infographic Guide To Personal Finance
Authors: Michele Cagan CPA, Elisabeth Lariviere
1st Edition
1507204663, 978-1507204665
