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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 for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders Cash flows from investing activities: Cash received from customers Prepare the cash flows from investing and financing activities sections of HHC's statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Net cash flows from investing activities Cash flows from financing activities: $660,000 12,000 100,000 40,000 200,000 Net cash flows from financing activities 18,000 120,000 440,000 30,000 $ 660,000

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 for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders Cash flows from investing activities: Cash received from customers Prepare the cash flows from investing and financing activities sections of HHC's statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Net cash flows from investing activities Cash flows from financing activities: $660,000 12,000 100,000 40,000 200,000 Net cash flows from financing activities 18,000 120,000 440,000 30,000 $ 660,000

FINANCIAL ACCOUNTING
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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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 for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders Cash flows from investing activities: Cash received from customers Prepare the cash flows from investing and financing activities sections of HHC's statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Net cash flows from investing activities Cash flows from financing activities: $660,000 12,000 100,000 40,000 200,000 Net cash flows from financing activities 18,000 120,000 440,000 30,000 $ 660,000
Transcribed Image Text: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 for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders Cash flows from investing activities: Cash received from customers Prepare the cash flows from investing and financing activities sections of HHC's statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Net cash flows from investing activities Cash flows from financing activities: $660,000 12,000 100,000 40,000 200,000 Net cash flows from financing activities 18,000 120,000 440,000 30,000 $ 660,000
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