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Use the Carolina Company data in E10-37A to show how the company reported cash flows from financing activities during 2018 (the current year). Data from E10-37A Carolina Company included the following items in its financial statements for 2018, the current

Use the Carolina Company data in E10-37A to show how the company reported cash flows from financing activities during 2018 (the current year).


Data from E10-37A

Carolina Company included the following items in its financial statements for 2018, the current year (amounts in millions):

Payment of long-term debt.. Proceeds from issuance of common stock. Total liabilities: Current year-end.. Preceding year

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Payment of long-term debt.. Proceeds from issuance of common stock. Total liabilities: Current year-end.. Preceding year-end .. Total stockholders' equity: Current year-end. Preceding year-end... Long-term liabilities. Dividends paid . Net sales: Current year. Preceding year. Net income: Current year.. Preceding year. Operating income: Current year.. Preceding year. $17,100 $ 215 60,000 8,500 92,000 ..******.. 32,319 38,023 2,200 2,005 23,479 14,033 6,585 4,880 4,006 ..... ..

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In millions Cash flows from financingactivities Payment of long term debt 17 100 Proceeds from issuance of common stock 8 500 Dividends paid 215 Net cash used for financing …View the full answer


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Related Book For  answer-question
Financial Accounting

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Details
Chapter # 10- Stockholders’ Equity
Section: Short Exercises
Problem: 38
Posted Date: June 18, 2019 11:15:29
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