Question
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,470,000, 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 $1,470,000, and the December 31, 2016, balance sheet showed long-term debt of $1,720,000. The 2016 income statement showed an interest expense of $101,000.
What was the firm's cash flow to creditors during 2016?
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Foundations Of Financial Markets And Institutions
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
4th Edition
0136135315, 978-0136135319
