The following are summary cash transactions that occurred during the (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 $ 810,000 27,000 250,000 Cash flows from operating activities: Cash received from customers Collection of note receivable 55,000 350,000 33,000 195,000 515,000 45,000 Prepare the cash flows from operating activities section of HHC's stater method. Note: Amounts to be deducted should be indicated with a minus sign

The following are summary cash transactions that occurred during the (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 $ 810,000 27,000 250,000 Cash flows from operating activities: Cash received from customers Collection of note receivable 55,000 350,000 33,000 195,000 515,000 45,000 Prepare the cash flows from operating activities section of HHC's stater method. Note: Amounts to be 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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1401-42 Please make sure to use the account names from the attachement