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Hip Hop Corp.'s transactions for the year ended 12/31/Y5 included the following: Purchased real estate for $670,000 cash borrowed from a bank Sold available for
Hip Hop Corp.'s transactions for the year ended 12/31/Y5 included the following: Purchased real estate for
$670,000
cash borrowed from a bank Sold available for sale securities for
$400,000
Paid dividends of
$100,000darr
Issued 500 shares of common stock for
$320,000uarr
Purchased production equipment for
$265,000
cash paid
$290,000
principle toward a bank loan
darr
Reduced accounts receivable by
$120,000
Increased accounts payable by
$260,000
\ What was Hip Hop's net cash provided by financing activities for Year 5 ?
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