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Sherman Company reported the following financial statements for 2016 and 2017: (Click the icon to view the income statement.) (Click the icon to view the
Sherman Company reported the following financial statements for 2016 and 2017: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Read the requirements a. Compute the financing cash flows from new borrowing or payment of long-term notes payable. Sherman Company had only one long-term note payable transaction during the year (this long-term note payable is the only long-term liability that the company has). First, onter the formula and then compute the cash flow from new borrowing or payment of long-term notes payable. (Abbreviation used: NP = Notes payable. Use a parentheses or a minus sign to-show a payment of long-torm notes payable.) Income Statement pany had only on ble. (Abbreviation Balance Sheet Requirements Compute the following financing cash flows: a. New borrowing or payment of long-term notes payable. Sherman Company had only one long-term note payable transaction during the year (this longterm note payable is the only long-term liability that the company has). b. Issuance of common stock or retirement of common stock. The company had only one common stock transaction during the year. c. Payment of cash dividends (same as dividends declared). Sherman Company reported the following financial statements for 2016 and 2017: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Read the requirements a. Compute the financing cash flows from new borrowing or payment of long-term notes payable. Sherman Company had only one long-term note payable transaction during the year (this long-term note payable is the only long-term liability that the company has). First, onter the formula and then compute the cash flow from new borrowing or payment of long-term notes payable. (Abbreviation used: NP = Notes payable. Use a parentheses or a minus sign to-show a payment of long-torm notes payable.) Income Statement pany had only on ble. (Abbreviation Balance Sheet Requirements Compute the following financing cash flows: a. New borrowing or payment of long-term notes payable. Sherman Company had only one long-term note payable transaction during the year (this longterm note payable is the only long-term liability that the company has). b. Issuance of common stock or retirement of common stock. The company had only one common stock transaction during the year. c. Payment of cash dividends (same as dividends declared)
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