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Below are the transactions for the Clothesline Company (reporting under US GAAP): Proceeds from issuance of bonds payable $1,000,000 Payment to purchase equipment $475,000 Payment

Below are the transactions for the Clothesline Company (reporting under US GAAP):

Proceeds from issuance of bonds payable

$1,000,000

Payment to purchase equipment

$475,000

Payment of wages

$115,000

Payment of dividends

$375,000

Payment to pay off notes payable

$1,200,000

Based on these transactions, what is the net cash flow from financing activities?

A)$575,000 net cash provided by financing activities.

B)$575,000 net cash used for financing activities.

C)$0, because cash inflows equal cash outflows from financing activities.

D)$1,050,000 net cash used by financing activities.

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