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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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