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please show work Question 13 0 / 4 pts Tatum Company prepared a Statement of Cash Flows for the year ending 12-31-19 using the indirect
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Question 13 0 / 4 pts Tatum Company prepared a Statement of Cash Flows for the year ending 12-31-19 using the indirect method. Tatum's net cash flows from operating activities were $300,000. Three additional information items follow: During the year, Tatum declared, but did not yet pay, $60,000 of cash dividends On 12-31-18, Tatum leased a machine with a useful life of 5 years. The lease agreement required Tatum to make 5 annual lease payments of $40,000 starting 12- 31-19. Tatum's borrowing rate on 12-31-18 was 4%. On 11-01-19, Tatum borrowed $40,000 on a short-term (three month) basis. For the year ended 12-31-19, what were Tatum's cash flows provided by/used in financing activities? $0 provided by/used in 0 $60,000 used in ed $32,877 used in $52,877 used in er O $7,123 provided byStep by Step Solution
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