The December 31, 2021, balance sheet of Chen, Inc., showed long-term debt of $1.38 million, and the
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The December 31, 2021, balance sheet of Chen, Inc., showed long-term debt of $1.38 million, and the December 31, 2022, balance sheet showed long-term debt of $1.52 million. The 2022 income statement showed an interest expense of $104,500. What was the firm’s cash flow to creditors during 2022?
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The cash flow to creditors is the interest paid minus ...View the full answer
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Related Book For 
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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