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Category > Business & Finance Posted 21 May 2017 My Price 11.00

This information is for Damon Corporatio

This information is for Damon Corporation for the year ended December 31, 2010.
Cash received from lenders ………………….$20,000
Cash received from customers ………………. 60,000
Cash paid for new equipment ……………….. 35,000
Cash dividends paid ………………………… 8,000
Cash paid to suppliers ………………………. 18,000
Cash balance 1/1/10 ………………………… 12,000

Instructions
(a) Prepare the 2010 statement of cash flows for Damon Corporation.
(b) Suppose you are one of Damon’s creditors. Referring to the statement of cash flows, evaluate Damon’s ability to repay its creditors

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Status NEW Posted 21 May 2017 08:05 AM My Price 11.00

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