Question: The 2014 statement of financial position of Anna s Tennis Shop
The 2014 statement of financial position of Anna’s Tennis Shop Inc. showed long term debt of $1.45 million, and the 2015 statement of financial position showed long-term debt of $1.52 million. The 2015 statement of comprehensive income showed an interest expense of $127,000. What was the firm’s cash flow to creditors during 2015?
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