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Question
bruce company issued common stock for proceeds of $372,000 during 2012. the company paid dividends of $66,000 and issued a long-term note payable for $90,000 in exchange for equipment during the year. the company also purchased treasury stock that had a cost of $14,000. the financing section of the statement of cash flows will report net cash inflows of
a.$292,000
b.$404,000
c.$306,000
d.$358,000
Answer
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