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Question 21 4 pts Richards Corp. sold equipment with a book value of $70,000 for a $10,000 loss, sold Richards Corp. common stock for $160,000,
Question 21 4 pts Richards Corp. sold equipment with a book value of $70,000 for a $10,000 loss, sold Richards Corp. common stock for $160,000, repaid a notes payable for $220,000 (this amount includes $22,000 of interest on the notes payable), paid dividends of $45,000, resold treasury stock for $35,000 (the treasury stock was originally purchased for $25,000), and received dividends in the amount of $50,000. The net cash flow from financing activities was: $68,000 cash outflow $70,000 cash outflow $48,000 cash outflow $28,000 cash inflow None of the above
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