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Unformatted text preview: Depreciation $8,000.00 Taxes $18,060.00 Accounts Payable $11,000.00 Total Op. Cashflow $107,660.00 Interest $11,000.00 Retirement of old debt $7,100.00 Debt Service $18,100.00 Proceeds from LT debt sale $(7,250.00) Cash Flow to Creditors $10,850.00 #17 - Residual Claims a) Assets $10,500.00 Liabilities $9,700.00 Stockholder's Equity $800.00 b) Assets $6,800.00 Liabilities $9,700.00 Stockholder's Equity $(2,900.00) The company would be in debt because there are not enough assets to cover the liabilities....
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