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

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Chapter9: Accounting For Receivables
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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
Transcribed Image Text: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
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