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Question 19 (5 points) Fairborn Inc. had the following cash transactions during the current year: Received $825,000 cash from customers for services provided. Paid $610,000
Question 19 (5 points) Fairborn Inc. had the following cash transactions during the current year: Received $825,000 cash from customers for services provided. Paid $610,000 cash to employees for salaries. Paid $60,000 cash for rent of office space. Paid $200,000 cash for purchase of buildings. Paid $10,000 cash for interest on its notes payable. Received $50,000 cash proceeds from the sale of equipment. Received $300,000 cash proceeds from issuing bonds. Paid $20,000 cash for the purchase of another corporation's stock. Paid $100,000 cash for dividends to its shareholders. Calculate net cash flows from financing activities for Fairborn
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