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Cash flow to creditors the december 31 2015 balance sheet

Question: Cash Flow to Creditors. The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,410,000, and the December 31, 2016, balance sheet showed long-term debt of $1,551,000. The 2016 income statement showed an interest expense of $102,800. What was the firm's cash flow to creditors during 2016?

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Finance Basics: Cash flow to creditors the december 31 2015 balance sheet

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Finance Basics: Cash flow to creditors the december 31 2015 balance sheet

Reference No:- TGS02521897

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