he following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: Customers Interest on notes receivable Collection of notes receivable Sale of land Issuance of common stock Cash paid for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders $710,000 17,000 150,000 45,000 250,000 Cash flows from operating activities: 23,000 145,000 465,000 35,000 Prepare the cash flows from operating activities section of HHC's statement of cash flows using the direct methe deducted should be indicated with a minus sign.)

he following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: Customers Interest on notes receivable Collection of notes receivable Sale of land Issuance of common stock Cash paid for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders $710,000 17,000 150,000 45,000 250,000 Cash flows from operating activities: 23,000 145,000 465,000 35,000 Prepare the cash flows from operating activities section of HHC's statement of cash flows using the direct methe deducted should be indicated with a minus sign.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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