Accounting Homework Help
Hi If you please help me by explaining the question.Thanks The 2017 statement of
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The 2017 statement of
financial position of Roger’s Tennis Shop Inc. showed long-term debt of $2.3 million, and the 2018 statement of financial position showed long-term debt of $2.55 million. The 2018 statement of comprehensive income showed an interest expense of $190,000.
What was the firm’s cash flow to creditors during 2018? (Negative answer should be indicated by a minus sign. Enter your answer in thousands of dollars. Omit $ sign in your response.)
Cash flow to creditors $
