This information is for Williams Corporation for the year ended December 31, 2017. Cash received from lenders

Question:

This information is for Williams Corporation 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 1/1/17 ............................................. 12,000

Instructions

(a) Prepare the 2017 statement of cash flows for Williams Corporation.

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

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For  book-img-for-question

Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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