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The following data is for the Matt Company for 20X1: Loss on sale of equipment $ 4,000 Purchase of Ithaca Corp. bonds (face value $400,000)
The following data is for the Matt Company for 20X1:
Loss on sale of equipment | $ | 4,000 | |
Purchase of Ithaca Corp. bonds (face value $400,000) | 375,000 | ||
Proceeds from sale of machinery | 200,000 | ||
Dividends paid | 25,000 | ||
Proceeds from sale of treasury stock | 100,000 | ||
The amount reported as net cash from financing activities is:
A. $(25,000).
B. $30,000.
C. $80,000.
D. $75,000.
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