The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,460,000 and the December 31, 2022, balance sheet showed long-term debt of $1,700,000. The 2022 income statement showed an interest expense of $100,000. What was the firm's cash flow to creditors during 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. Cash flow to creditors
The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,460,000 and the December 31, 2022, balance sheet showed long-term debt of $1,700,000. The 2022 income statement showed an interest expense of $100,000. What was the firm's cash flow to creditors during 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. Cash flow to creditors
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 12EB: Clovis Enterprises reports $845,500 in credit sales for 2018 and $933,000 in 2019. It has a $758,000...
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