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Ross Corp's transactions for calendar 2020 included the following: 1. Acquired 50% of Lennox Ltd's common shares for $90,000 cash. 2. Issued 5,000 preferred shares
Ross Corp's transactions for calendar 2020 included the following: 1. Acquired 50% of Lennox Ltd's common shares for $90,000 cash. 2. Issued 5,000 preferred shares in exchange for land with a fair value of $160,000. 3. Issued 11% bonds, par value $200,000, due 2021, for $196,000 cash. 4. Purchased a patent for $110,000 cash. 5. Borrowed $90,000 from Bank A. 6. Paid $60,000 toward a bank loan with Bank B. 7. Sold long-term investments for $398,000. The cash provided by financing activities in 2020 was $226,000. O $296,000 O $136,000. $286,000. Save for later
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