184. 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? | |
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