You are evaluating woodlawn racetrack for a potential loan, Accounting Basics

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You are evaluating woodlawn racetrack for a potential loan

You are evaluating Woodlawn Racetrack for a potential loan. An examination of the notes to the financial statements indicates restricted cash at year-end amounts to $100,000. Explain how you would use this information in evaluating Woodlawn's liquidity.

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Accounting Basics: You are evaluating woodlawn racetrack for a potential loan

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Accounting Basics: You are evaluating woodlawn racetrack for a potential loan

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