The december 31 2013 balance sheet of schism inc showed, Ask an Expert

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The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,450,000, and the December 31, 2014, balance sheet showed long-term debt of $1,680,000. The 2014 income statement showed an interest expense of $99,000. (Enter your answer as directed, but do not round intermediate calculations.) Required: What was the firm's cash flow to creditors during 2014? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) Cash flow to creditors $_____________

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Financial Management, Finance

Category:- Financial Management
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