The December 31, 2009, balance sheet of Schism, Inc., showed long-term debt of $
ID: 2703413 • Letter: T
Question
The December 31, 2009, balance sheet of Schism, Inc., showed long-term debt of $1.395 million, and the December 31, 2010, balance sheet showed long-term debt of $1.57 million. The 2010 income statement showed an interest expense of $93,500.
What was the firm's cash flow to creditors during 2010? (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567))
The December 31, 2009, balance sheet of Schism, Inc., showed long-term debt of $1.395 million, and the December 31, 2010, balance sheet showed long-term debt of $1.57 million. The 2010 income statement showed an interest expense of $93,500.
Explanation / Answer
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