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ABC Company had the following balances at the beginning of the accounting period: Common Stock $9.900 Retained Earnings $1,100 ABC Company had the following transactions
ABC Company had the following balances at the beginning of the accounting period: Common Stock $9.900 Retained Earnings $1,100 ABC Company had the following transactions during the accounting period: (assume all transactions are cash transactions) Issued Common Stock $990 Paid Cash Dividends $300 Purchased Land $800 Sold Land $700 Incurred Operating Expenses $5,450 Borrowed Cash from the Bank $500 Performed Services for Customers $5,500 What value would be reported for Net Cash Flow from Operating Activities? -$250 $550 $50 $740
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