The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC)Cash received from:CustomersInterest on notes receivableCollection of notes receivable.Sale of landIssuance of common stockCash paid for:Interest on notes payablePurchase of equipmentOperating expensesDividends to shareholders$660,00012,000100,00040,000200,000Cash flows from operating activitiesCash received from customersCash paid for operating expensesDividends paid to shareholders10,000120,000Prepare a statement of cash flows according to International Financial Reporting Standards (Amounts to be deducted should beindicated with a minus sign.)100440,00030,000Answer is not complete.$ 660,000(440,000)00

Cash flow statement A financial statement known as a cash flow statement gives an overview of all…

The 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 fort Interest on notes payable. Purchase of equipment Operating expenses Dividends to shareholders $600,000 12,000 100,000 40,000 200,000 10,000 120,000 440,000 30,000 Prepare a statement of cash flows according to International Financial Reporting Standards (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Cash received from customers Cash paid for operating expenses Dividends paid to shareholders Answer is not complete. $ 660,000 (440,000))

The 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 fort Interest on notes payable. Purchase of equipment Operating expenses Dividends to shareholders $600,000 12,000 100,000 40,000 200,000 10,000 120,000 440,000 30,000 Prepare a statement of cash flows according to International Financial Reporting Standards (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Cash received from customers Cash paid for operating expenses Dividends paid to shareholders Answer is not complete. $ 660,000 (440,000))

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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An analysis of the cash account reveals the following summary information: Beginning balance: 77,000 Paid for operating expenses: (290.000) Paid to purchase equipment: (100,000) Paid to purchase inventory: (410,000) Paid to shareholders for dividends: (12,000) Paid toward balance on note payable: (70,000) Received from customers: 905,000 Received from issuance of stock: 5000 Ending Balance: 105,000 Additional information: • Greenholt held 50,000 shares of common stock in Years 1 & 2 Greenholt had a beginning balance of $5,000 in Accounts Receivable on January 1, Year 2 Greenholt had a beginning balance of $20,000 in inventory on January 1, Year 2 Prepare a income statement, Cashflow statement and balance sheet statement with the given information
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The following summary transactions occurred during 2024 for Bluebonnet Bakers: Cash Received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for: Purchase of inventory $ 380,000 6,000 50,000 30,000 100, 000 160, 000 5,000 85,000 90,000 Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders The balance of cash and cash equivalents at the beginning of 2024 was $17,000. 25,000 20,000 Required: Prepare a statement of cash flows for 2024 for Bluebonnet Bakers. Use the direct method for reporting operating activities. Note: Amounts to be deducted should be indicated with a minus sign.
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Flingen Inc. reveals the following information in their annual report for FY 2021 Selected Income Statement Items: Sales $10,500,000 Cost of goods sold $5,500,000 Pretax earnings $650,000 Selected Balance Sheet Items: Merchandise inventory $800,000 Total assets $2,500,000 Upper management plans to cut cost of goods sold by 4.5% for the coming year but retain the same sales and weeks of inventory. What is the return on assets estimated to be for 2022? Group of answer choices 33.7% 32.1% 36.8% 34.1%
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Subject:
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Cash Received from: Sales to customers Interest on investment Collection of note receivable Sale of investments Issuance of notes payable Sale of long-term asset Issuance of equity Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Operating expenses Dividends to stockholders Purchase of supplies Income and property taxes Purchase of property Repurchase of stock $ 475,000 6,000 50,000 30,000 202,000 40,000 228,000 $ 33,000 5,000 18,000 140,000 25,000 20,000 3,000 11,000 400,000 8,000 The balance of cash at the beginning of 2024 was $220,000. दे Required: Prepare a statement of cash flows for the year for Shepa Incorporated, (Hint. For operating, investing, and financing activities, list the inflows and subtract the outflows to calculate net cash flows for each type of activity.) Note: Amounts to be deducted should be indicated with a minus sign.