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The December 31,2013,balance Sheet of Suzette's Market Showed Long-Term Debt

Question 105

Multiple Choice

The December 31,2013,balance sheet of Suzette's Market showed long-term debt of $638,100 and the December 31,2014,balance sheet showed long-term debt of $574,600.The 2010 income statement showed an interest expense of $42,300.What was the firm's cash flow to creditors during 2014?


A) $21,200
B) $26,700
C) $54,900
D) $102,400
E) $105,800

Correct Answer:

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