The december 31 2007 balance sheet of butterfly wings, Ask an Expert

Accounting

The December 31, 2007, balance sheet of Butterfly Wings, Inc.,showed long-term debt of $1.65 million, and the December 31, 2008,balance sheet showed long-term debt of $1.8 million. The 2008income statement showed an interest expense of $49,000. What was the firm's cash flow to creditors during 2008?

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Category:- Accounting Basics
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