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Murphy Company has provided information concerning items taken from its financial statements to assist you in preparing its statement of cash flows, direct method: 1.
Murphy Company has provided information concerning items taken from its financial statements to assist you in preparing its statement of cash flows, direct method: 1. Issued bonds, $187,000. 2. Cash paid for insurance, $59,000. 3. Purchased land by issuing debt, $154,000. 4. Issued common stock for cash, $205,000. 5. Purchased treasury stock, $253,000. 6. Purchased equipment with cash, $266,000. Required: From the information given, calculate the net amount of cash from financing activities or the net amount of cash used for financing activities. O Cash received $ Cash used
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