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Problem 2: Selected balances for Cole Company are as follows: 2017 2016 Long-Term N/P Common Stock Paid In Capital Retained Earnings 100,000 150,000 200,000 100,000
Problem 2: Selected balances for Cole Company are as follows: 2017 2016 Long-Term N/P Common Stock Paid In Capital Retained Earnings 100,000 150,000 200,000 100,000 150,000 100,000 100,000 50,000 A. No new notes were borrowed during the year. B. Common stock was issued for cash. C. Net income for the year was $75,000 Prepare the Financing section of the cash flow statement for Cole
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