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The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: Customers $ 840,000 Interest on note
The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC):
Cash received from: | ||
Customers | $ | 840,000 |
Interest on note receivable | 30,000 | |
Collection of note receivable | 280,000 | |
Sale of land | 58,000 | |
Issuance of common stock | 380,000 | |
Cash paid for: | ||
Interest on note payable | 36,000 | |
Purchase of equipment | 210,000 | |
Operating expenses | 530,000 | |
Dividends to shareholders | 48,000 | |
Prepare the cash flows from investing and financing activities sections of HHCs statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) |
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