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Q3. Nevins Company recorded the following events for the year just ended: Retirement of preferred stock $150,000 Sale of bonds issued by other companies 225,000
Q3. Nevins Company recorded the following events for the year just ended:
Retirement of preferred stock | $150,000 |
Sale of bonds issued by other companies | 225,000 |
Interest paid on notes payable | 105,000 |
Dividends paid to shareholders | 270,000 |
Collection by Lucas of a loan made to a subsidiary | 165,000 |
Payment of deferred taxes | 135,000 |
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What was the net decrease in cash resulting from financing activities for the year
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