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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

What was the net decrease in cash resulting from financing activities for the year

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