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During the year, Vaughan Company issued common stock for $70,000 cash, purchased $30,000 of equipment with cash, and borrowed $20,000 cash. Their total cash flows
During the year, Vaughan Company issued common stock for $70,000 cash, purchased $30,000 of equipment with cash, and borrowed $20,000 cash. Their total cash flows from financing activities for the year are:
a. $70,000 inflows
b. $60,000 inflows
c. $90,000 inflows
d. $50,000 inflows
e. $30,000 outflows
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