Calitomia Company included the following items in its tinancial statements for 2

Question

Calitomia Company included the following items in its tinancial statements for 2014, the current year (amounts in millions): Click the icon to view the financial statement items. Requirement 1. Show how the company reported cash fows from financing aciivities during 2014 (the current year). (Enter amcunts in millions. Use parentheses or a minus sign to show cash outlows.) Data Table Cash flows from financing activities Payment of long-tem debt Procceds from issuance $ 17,050 Dividends paid 210 Net sales of common stock 8,475 Current year Preceding year 30,000 Net cash provided (used) in financing actities Total llablitles: . 53,000 Current year-end Preceding year-end Total stockholders' equity: Current year-end Preceding year-end 32,319 Net income: 38.035 Current year Preceding year 1,979 1,993 23,475 Operating Income: 14,031 Current year Preceding year 8,125 Choose from any list or enter any number in the input fields and then click Check 8,600 4,010

Explanation / Answer

Cash flows from financing activites: Payment of long-term debt -17050 Proceeds from issuance of common stock 8475 Borrowings 6600 Dividends paid -210 Net cash provided (used) in financing activites: -2185

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