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

Question 41

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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.
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. 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. 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.

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

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