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A company reports the following information for Year 1: Sale of Equipment $20,000 Issuance of the companys bonds $10,000 Dividends paid $5,000 Purchase of stock
A company reports the following information for Year 1:
Sale of Equipment | $20,000 |
Issuance of the companys bonds | $10,000 |
Dividends paid | $5,000 |
Purchase of stock of another company | $2,000 |
Purchase of U.S. Treasury note | $2,000 |
Income taxes paid | $2,000 |
Interest income received | $500 |
What is the companys net cash flow from financing activities?
($9,000)
$5,000
$5,500
$15,000
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