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Hindsville Company Reported Revenues of $165,000 and Net Income of $20,000

Question 61

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Hindsville Company reported revenues of $165,000 and net income of $20,000 for 2014. Cash generated by operations was $40,000. In addition, Hindsville Company borrowed $24,000 from a bank. During 2014, Hindsville purchased new equipment for $30,000 cash and paid cash dividends of $15,000 to stockholders. Hindsville's cash balance at the beginning of 2014 was $22,000.
A Identify the amount of cash flows for financing, investing, and operating activities for 2014 by filling in the amounts below.
Financing Cash Flows: Investing Cash Flows: Operating Cash Flows:
Hindsville Company reported revenues of $165,000 and net income of $20,000 for 2014. Cash generated by operations was $40,000. In addition, Hindsville Company borrowed $24,000 from a bank. During 2014, Hindsville purchased new equipment for $30,000 cash and paid cash dividends of $15,000 to stockholders. Hindsville's cash balance at the beginning of 2014 was $22,000. A Identify the amount of cash flows for financing, investing, and operating activities for 2014 by filling in the amounts below. Financing Cash Flows: Investing Cash Flows: Operating Cash Flows: B Did Hindsville Company's operating activities generate enough cash to cover its investing and financing activities? Explain. C How much did Hindsville Company's cash balance increase or decrease during 2014? Hindsville Company reported revenues of $165,000 and net income of $20,000 for 2014. Cash generated by operations was $40,000. In addition, Hindsville Company borrowed $24,000 from a bank. During 2014, Hindsville purchased new equipment for $30,000 cash and paid cash dividends of $15,000 to stockholders. Hindsville's cash balance at the beginning of 2014 was $22,000. A Identify the amount of cash flows for financing, investing, and operating activities for 2014 by filling in the amounts below. Financing Cash Flows: Investing Cash Flows: Operating Cash Flows: B Did Hindsville Company's operating activities generate enough cash to cover its investing and financing activities? Explain. C How much did Hindsville Company's cash balance increase or decrease during 2014? Hindsville Company reported revenues of $165,000 and net income of $20,000 for 2014. Cash generated by operations was $40,000. In addition, Hindsville Company borrowed $24,000 from a bank. During 2014, Hindsville purchased new equipment for $30,000 cash and paid cash dividends of $15,000 to stockholders. Hindsville's cash balance at the beginning of 2014 was $22,000. A Identify the amount of cash flows for financing, investing, and operating activities for 2014 by filling in the amounts below. Financing Cash Flows: Investing Cash Flows: Operating Cash Flows: B Did Hindsville Company's operating activities generate enough cash to cover its investing and financing activities? Explain. C How much did Hindsville Company's cash balance increase or decrease during 2014? B Did Hindsville Company's operating activities generate enough cash to cover its investing and financing activities? Explain.
C How much did Hindsville Company's cash balance increase or decrease during 2014?

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A Financing Cash Flows = $9,000
$24,000 ...

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