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McCorkle Company provided the following information from its accounting records during the year: Acquired land by signing a loan $ 150,000 Proceeds from issuing stock
McCorkle Company provided the following information from its accounting records during the year: Acquired land by signing a loan $ 150,000 Proceeds from issuing stock 80,000 Dividends paid to stockholders 65,000 Proceeds from sale of building 120,000 Purchases of inventories 45,000 Collections from customers 225,000 Payment of loan 70,000 How much is net cash provided (used) by financing activities? A. ($205,000) B. $245,000 C. $15,000 D. ($55,000)
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