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QUESTION 4 Reynoldsburg Company recorded the following activity for the year just ended: Proceeds from sale of plant equipment $800,000 Dividends received from investments
QUESTION 4 Reynoldsburg Company recorded the following activity for the year just ended: Proceeds from sale of plant equipment $800,000 Dividends received from investments 120,000 Common stock issued 400,000 Notes issued to creditors for borrowed funds 160,000 Dividends paid to stockholders 40,000 Purchase of plant equipment 240,000 (Note that this is the same data as that provided for the question above.) The net cash provided by investing activities for the year was O $560,000 O $700,000 O $800,000 $820,000
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