Problemthe 2010 balance sheet of marias tennis shop inc, Ask an Expert

Accounting

Problem:

The 2010 balance sheet of Maria's Tennis Shop Inc. showed long-term debt of $2.3 million, and the 2011 balance sheet showed long-term debt of $2.55 million. The 2011 income statement showed an interest expense of $190,000.

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Question: What was the firm's Cash Flow to Creditors during 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170716

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