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Question 3: Hilton Hotels Corporation constructs, operates, and franchises domestic and international hotel and hotel-casino properties. Information from the company's annual statement of cash
Question 3: Hilton Hotels Corporation constructs, operates, and franchises domestic and international hotel and hotel-casino properties. Information from the company's annual statement of cash flows indicates the following investing and financing activities during that year (simplified): Payment of debt principal $24 Purchase of investments 139 Sale of property (assume sold at cost) 230 Issuance of shares 60 Purchase and renovation of properties 370 Additional borrowing from banks 992 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 the company's year-end is December 31, 2019.
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