Problemthe 2011 balance sheet of annas tennis shop inc, Ask an Expert

Accounting

Problem:

The 2011 balance sheet of Anna's Tennis shop., Inc. showed long-term debt of $1.45 million, and the 2012 balance sheet showed long-term debt of $1.52 million. The 2012 income statement showed an interest expense of $127,000.

Required:

Question: What was the firm's cash flow to creditors during 2012.

Note: Show all workings.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168680

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