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6. The following information is available from A Corporation's accounting records for the year ended December 31, 2008: Cash paid to repay the principal on

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6. The following information is available from A Corporation's accounting records for the year ended December 31, 2008: Cash paid to repay the principal on a Note payable $15,000 Cash paid for interest on the above Note payable $2,000 Cash received from customers $400,000 Dividends received from investments in equity securities $8,000 Cash paid for purchase of supplies $350,000 Cash received from sale of equipment used in operations $50,000 Income taxes paid $48,000 Cash dividends paid to shareholders $30,000 If the Cash Flow Statement is prepared using the Direct method, the net cash flows (used) or provided by operating activities for the Year ended December 31, 2008 would be: a. $3,000 c. $00,000 b. $23,000 d. ($15,000)

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