Use the Hawkeye Gymnastics data in Exercise 16-22 to compute a. New borrowing or payment of long-term
Question:
Use the Hawkeye Gymnastics data in Exercise 16-22 to compute
a. New borrowing or payment of long-term notes payable, with Hawkeye having only one long-term note payable transaction during the year
b. Issuance of common stock, with Hawkeye having only one common stock transaction during the year
c. Payment of cash dividends
Exercise 16-22
Hawkeye Gymnastics Equipment, Inc., reported the following financial statements for 2006:
Compute the amount of Hawkeye's acquisition of plant assets. Hawkeye sold no plant assets.
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