Question
Stickley, Inc. went into business on August 1, 2020. During the remaining five months of 2020, here are some of Stickley's transactions: Aug. 1,
Stickley, Inc. went into business on August 1, 2020. During the remaining five months of 2020, here are some of Stickley's transactions: Aug. 1, 2020 - Issued stock for a total of $10,000. . . Sept. 1, 2020 - Borrowed $12,000 from the bank. Stickley will make no payments on this loan until Sept. 1, 2022, and at that time, it will owe $12,600. . Oct. 18, 2020 - Purchased $8,000 of inventory on account. Dec. 17, 2020 - Paid accounts payable. . Dec. 31, 2020 - Paid a dividend of $4,000. How much were Stickley's financing cash flows during 2020? .
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Income Tax Fundamentals 2013
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