The following are summary cash transactions that occurred during the year for Hope Healthcare Co. (HHC): Prepare
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The following are summary cash transactions that occurred during the year for Hope Healthcare Co. (HHC):
Prepare the cash flows from operating activities section of HHC’s statement of cash flows using the direct method.
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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 $660,000 12,000 100,000 40,000 200,000 18,000 120,000 440,000 30,000
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