Hilton Hotels Corporation constructs, operates, and franchises domestic and international hotel and hotel-casino properties. Information from the

Question:

Hilton Hotels Corporation constructs, operates, and franchises domestic and international hotel and hotel-casino properties. Information from the company’s recent annual statement of cash flows indicates the following investing and financing activities during that year (simplified, in millions of dollars):
Additional borrowing from banks .......... $992
Purchase of investments ................ 139
Sale of property (assume sold at cost) .......... 230
Issuance of stock ................ 6
Purchase and renovation of properties ....... 370
Payment of debt principal ............ 24
Receipt of principal payment on a note receivable .... 125

Required:
Prepare the investing and financing sections of the statement of cash flows for Hilton Hotels. Assume that year-end is December 31, 2011.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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