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M7. Financial Statements Homework Use the following information about Hospital X to create a statement of...

M7. Financial Statements Homework

Use the following information about Hospital X to create a statement of cash flows: (review chapter 12 for an example)

2012

2011

Purchase of Property and Equipment

($30)

($25)

Securities Purchases

($30)

($25)

Contributions

$10

$10

Cash Received from Patient Services

$3,985

$4,550

Cash Paid to Employees and Suppliers

($3,900)

($4,500)

Cash and Equivalents, Beginning of the Year

$20

Interest Paid

($15)

($16)

Interest Earned

$5

$12

Repayment of Long-term Debt

($2)

($12)
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