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Question 12 of 50 Crane Company issued common stock for proceeds of $375000 during 2020. The company paid dividends of $70000 and issued a long-term
Question 12 of 50 
Crane Company issued common stock for proceeds of $375000 during 2020. The company paid dividends of $70000 and issued a long-term note payable for $90000 in exchange for equipment during the year. The company also purchased treasury stock that had cost of $10000. The financing section of the statement of cash flows will report net cash inflows of $295000. $455000. $365000. $305000
Question 12 of 50
Crane Company issued common stock for proceeds of $375000 during 2020. The company paid dividends of $70000 and issued a long-term note payable for $90000 in exchange for equipment during the year. The company also purchased treasury stock that had cost of $10000. The financing section of the statement of cash flows will report net cash inflows of $295000. $455000. $365000. $305000 Step by Step Solution
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-0078025365
