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Statement of cash flows. The following is a list of account balances for Hover Hospital on June 30, 20X1. Prepare a statement of cash flows
Statement of cash flows. The following is a list of account balances for Hover Hospital on June 30, 20X1. Prepare a statement of cash flows as of June 30, 20X1.
Givens | |
Transfer to parent corporation | $40,000 |
Proceeds from sale of fixed equipment | $2,290,000 |
Principal payment on bonds payable | $780,000 |
Purchase of fixed equipment | $5,300,000 |
Beginning of cash balance | $6,500,000 |
Cash from operating activities | $3,900,000 |
Principal payment on notes payable | $6,500 |
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