Hwyn Resources Inc. accountants have assembled the following data for the year ended June 30, 2014. Prepare
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Prepare the operating activities section of Hwyn Resources Inc.'s cash flow statement for the year ended June 30, 2014. Hwyn uses the indirect method for operating cash flows.
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Payment of dividends Cash receipt from issuance $100,000 80,000 40,000 Decrease in current liabilities10,000 Payment of note payable..60,000 60,000 Cash receipt from sale of land....... 120,000 40,000 of common shares Increase in current assets other than cash Repurchase of Hwyn shares 0,000 Amortization expense
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Related Book For
Accounting
ISBN: 978-0132690089
9th Canadian Edition volume 2
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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