This information is for OBrien Corporation for the year ended December 31, 2012. 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 1/1/12 ....... 12,000 Instructions (a) Prepare the 2012 statement of cash flows for OBrien Corporation.

Chapter 1, Exercises #12

This information is for O’Brien for the year ended December 31,
2012.
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 1/1/12 ....... 12,000
Instructions
(a) Prepare the 2012 statement of cash flows for O’Brien Suppose you are one of O’Brien’s creditors. Referring to the statement of cash flows, evaluate O’Brien’s 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...