The december 31 2015 balance sheet of schism inc showed, Ask an Expert

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The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,430,000, and the December 31, 2016, balance sheet showed long-term debt of $1,640,000. The 2016 income statement showed an interest expense of $97,000.

What was the firm's cash flow to creditors during 2016? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Cash flow to creditors $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92645574

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