The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $2.5 million, and the 2021 balance sheet showed long-term debt of $2.65 million. The 2021 income statement showed an interest expense of $100,000. What was the firm's cash flow to creditors during 2021? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to creditors

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt
of $2.5 million, and the 2021 balance sheet showed long-term debt of $2.65 million. The
2021 income statement showed an interest expense of $100,000. What was the firm's
cash flow to creditors during 2021? (A negative answer should be indicated by a minus
sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Cash flow to creditors
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Transcribed Image Text:The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $2.5 million, and the 2021 balance sheet showed long-term debt of $2.65 million. The 2021 income statement showed an interest expense of $100,000. What was the firm's cash flow to creditors during 2021? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to creditors < Prev 7 of 13 Next >
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