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Digman Co. had retained earnings of $400,000 and $50,000 in cash on January 1 st . It made a net income of $300,000 in the
Digman Co. had retained earnings of $400,000 and $50,000 in cash on January 1st. It made a net income of $300,000 in the year. The amortization expense was $250,000. Digman Co. issued additional common shares for $500,000 and borrowed $600,000 from the Bank of Toyland. Cash from financing activities was:
Select one:
none of the above
$ 600,000
$1,100,000
$ 900,000
$ 500,000
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