Question
Virginia Company included the following items in its financial statements for 2018, the current year (amounts in millions): LOADING... (Click the icon to view the
Virginia
Company included the following items in its financial statements for
2018,
the current year (amounts in millions):
LOADING...
(Click the icon to view the financial statement items.)
Requirement
1. | Show how the company reported cash flows from financing activities during 2018 (the current year). (Enter amounts in millions as provided to you in the problem statement. Use parentheses or a minus sign to show cash outflows.) |
Data table
Payment of long-term debt. . . . . . . . . . . . . . | $17,045 |
| Dividends paid. . . . . . . . . . . . | $225 |
Proceeds from issuance of common stock. . | 8,475 |
| Net sales: |
|
Total liabilities: |
|
| Current year. . . . . . . . | 20,000 |
Current year-end. . . . . . . . . . . . . . . . | 32,313 |
| Preceding year. . . . . . | 81,000 |
Preceding year-end. . . . . . . . . . . . . . | 38,029 |
| Net income: |
|
Total stockholders' equity:. . . . . . . . . . . . . . . |
|
| Current year. . . . . . . . | 6,488 |
Current year-end. . . . . . . . . . . . . . . . | 23,471 |
| Preceding year. . . . . . | 2,009 |
Preceding year-end. . . . . . . . . . . . . . | 14,045 |
| Operating income: |
|
Long-term liabilities. . . . . . . . . . . . . . . . . . . . | 6,665 |
| Current year. . . . . . . . | 9,980 |
|
|
| Preceding year. . . . . . | 3,996 |
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