Question
Asked Jan 15, 2020
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Prepare the cash flows from investing and financing activities sections of HHC’s statement of cash flows.

The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC):
Cash received from:
$660,000
12,000
Customers
Interest on note receivable
Collection of note receivable
100,000
40,000
200,000
Sale of land
Issuance of common stock
Cash paid for:
Interest on note payable
Purchase of equipment
Operating expenses
18,000
120,000
440,000
30,000
Dividends to shareholders
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The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: $660,000 12,000 Customers Interest on note receivable Collection of note receivable 100,000 40,000 200,000 Sale of land Issuance of common stock Cash paid for: Interest on note payable Purchase of equipment Operating expenses 18,000 120,000 440,000 30,000 Dividends to shareholders

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