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LCO:5 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
LCO:5 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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