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At the beginning of the current year, a company issued stock for $140,000 and borrowed $60,000 from the bank. By the end of the year,
At the beginning of the current year, a company issued stock for $140,000 and borrowed $60,000 from the bank. By the end of the year, the company had provided services of $84,000 for cash, paid employee salaries of $34,000, and paid utilities of $16,000. Determine the amount of financing cash flows the company will report in the current year. (Cash outflows should be indicated with a minus sign.) Financing cash flows
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