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Blue Company issued 20,000 shares of $1 par common stock for $40 cash per share during 2019. The company paid cash dividends of $48,000 and
Blue Company issued 20,000 shares of $1 par common stock for $40 cash per share during 2019. The company paid cash dividends of $48,000 and issued long-term notes payable to borrow cash of $440,000 during the year. What amount of net cash flows from financing activities will be reported on the statement of cash flows?
Blue Company issued 20,000 shares of $1 par common stock for $40 cash per share during 2019. The company paid cash dividends of $48,000 and issued long-term notes payable to borrow cash of $440,000 during the year. What amount of net cash flows from financing activities will be reported on the statement of cash flows?
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Ethics And Auditing
Authors: Tom Campbell, Keith Houghton
1st Edition
1920942254, 978-1920942250
