Question

This information is for Dyckman Corporation for the year ended December 31, 2014.
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 1/1/14............ 12,000

Instructions
(a) Prepare the 2014 statement of cash flows for Dyckman Corporation.
(b) Suppose you are one of Dyckman’s creditors. Referring to the statement of cash flows, evaluate Dyckman’s ability to repay its creditors.



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  • CreatedApril 07, 2014
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