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Question
norris company issued 15,000 shares of $1 par common stock for $25 per share during 2012. the company paid dividends of $36,000 and issued long-term notes payable of $330,000 during the year. what amount of cash flows from financing activities will be reported on the statement of cash flows?
a.$9,000 net cash inflow
b.$339,000 net cash inflow
c.$705,000 net cash outflow
d.$669,000 net cash inflow
Answer
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