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29) The Daily News had net income of $121,600 of which 40 percent was distributed to the k. shareholders as dividends. During the year, the

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29) The Daily News had net income of $121,600 of which 40 percent was distributed to the k. shareholders as dividends. During the year, the company sold $75,000 worth of common stoc What is the cash flow to stockholders? A)-$75,000 B)-$2,040 C) $147,960 D) -$26,360 E) $123,640

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