Chapter 13, Problem 13.6SE

Calculate financing cash flows (Learning Objectives 2 & 3)

Use the data given in S13-5 for the McCabe Company to compute the following financing cash flows:

1. a. New borrowing or payment of long-term notes payable. McCabe 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).
2. b. Issuance of common stock or retirement of common stock. The company had only one common stock transaction during the year.
3. c. Payment of cash dividends (same as dividends declared).