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The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3 million, and the 2009 balance sheet showed long-term debt of $4.05 million. The 2009 income statement showed an interest expense of $190,000. What was the firm's cash flow to creditors during 2009?

$1,050,190

$-188,950

$-191,050

$1,050,000

$-860,000

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M947033

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