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a. Net income was $480,000 b. Issued common stock for $80,000 cash c. Paid cash dividend of $15,000. d. Paid $100,000 cash to settle a

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a. Net income was $480,000 b. Issued common stock for $80,000 cash c. Paid cash dividend of $15,000. d. Paid $100,000 cash to settle a note payable at its $100,000 maturity value. e. Paid $116,000 cash to acquire its treasury stock. f. Purchased equipment for $90,000 cash Use the above information to determine cash flows from financing activities (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from financing activities

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