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Prepare a revised balance sheet and income statement

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Question 1: Once you have analyzed these issues, prepare a revised balance sheet, income statement, and cash flow statement, all in proper form. (Hint: make sure current portions of long-term debt are presented separately)

Question 2: Finally, address the big picture issues: are the debt covenants violated? Is the company able to pay a $35,000 dividend to John?

Attachment:- violated.zip

Reference no: EM132595676

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