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During the year, Jackson Corp. had the following cash flows: receipt from customers, $18,000; receipt from the bank for long-term borrowing, $7,400; payment to suppliers,
During the year, Jackson Corp. had the following cash flows: receipt from customers, $18,000; receipt from the bank for long-term borrowing, $7,400; payment to suppliers, $5,400; payment of dividends, $1,200, payment to workers, $2,200; and payment for machinery, $9,000. What amount would be reported for financing cash flows on the Statement of Cash Flows?
$5,200 | |
$7,400 | |
$6,200 | |
($9,000) |
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