Solved: Suppose you are one of williams creditors referring to the, Accounting Basics

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Suppose you are one of williams creditors referring to the

Question - This information is for CORP ABC for the year ended December 31, 2017.

Cash received from lenders$20,000

Cash received from customers 50,000

Cash paid for new equipment 28,000

Cash dividends paid 8,000

Cash paid to suppliers 16,000

Cash balance 1/1/1712,000

(a) Need 2017 statement of cash flows for CORP ABC

(b) Suppose you are one of Williams' creditors. Referring to the statement of cash flows, evaluate Williams' ability to repay its creditors.

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Accounting Basics: Suppose you are one of williams creditors referring to the

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