From the given information, it is clear that an extra $0.3 million loan was taken from creditors and $120137 was paid to them as interest.
Hence net cash flow to creditors = -$0.3 million + $120137 = $120137 - $300000 = -$179863 (3rd option)
Please do rate me and mention doubts, if any, in the comments section.
The 2013 balance sheet of Pizzeria Libretto showed of $1.6 million. The 2014 income statement showed...
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Please adhere closely to the rounding instructions(in red).
Thanks!
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