Statement of cash flows; investing and financing activities Refer to the situation described in BE 4-13. Prepare
Question:
Statement of cash flows; investing and financing activities
Refer to the situation described in BE 4-13. Prepare the cash flows from investing and financing activities sections of HHC's statement of cash flows.
In BE 4-13, The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC):
Cash Received from:
Customers ........ $660,000
Interest on note receivables .. 12,000
Collection of note receivable . 100,000
Sale of land ......... 40,000
Insurance of common stock .. 200,000
Cash paid for:
Interest on note payable ..... 18,000
Purchase of equipment ..... 120,000
Operating expenses ..... 440,000
Dividends to shareholders ... 30,000
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Cash Flows from Investing Activities Proceeds from note receivable collection 1...View the full answer
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
