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ented below. Additional information: During the year, $70 of common stockwas issued in exchange for plant assets. No plant assets were sold in 2020. Prepare
ented below. Additional information: During the year, $70 of common stockwas issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign eg. 15,000 or in parenthesis e.g. (15,000).) Cash Flows from Flnancing Actlvitles Payment of Cash Divldends 260 Redemptlon of Bonds Payable 180 Issuance of Capltal Stock 50 Net Cash Used by Financing Actlvities 390 Net Increase In Cash Cash at Beginning of Perlod Noncash Investing and Flnancing Activitles lssuance of Common Stock for Plant Assets eTextbook and Media Save for Later Attempts: 2 of 6 used Submit
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