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The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co HHC Cash Received from Customers $660000 Interest on note receivables

The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash Received from: Customers ........ $660,000 Interest on note receivables .. 12,000 Collection of note receivable . 100,000 Sale of land ......... 40,000 Insurance of common stock .. 200,000 Cash paid for: Interest on note payable ..... 18,000 Purchase of equipment ..... 120,000 Operating expenses ..... 440,000 Dividends to shareholders ... 30,000 Prepare the cash flows from operating activities section of HHC s statement of cash flows using the direct method.

May 14 2020 View more View Less

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