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Assume a company had the following transactions: Sold equipment for $15,000 cash Issued common stock for $20,000 cash Paid cash dividends of $5,000 Issued stock

Assume a company had the following transactions:

Sold equipment for $15,000 cash

Issued common stock for $20,000 cash

Paid cash dividends of $5,000

Issued stock dividends of $12,000

What is the net cash flow from their financing activities?

($5,000)

$20,000

$3,000

$15,000

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