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Tip Top Company recorded the following activity for the year just ended: Proceeds from sale of plant and equipment $ 840,000 Proceeds from issuance of
| Tip Top Company recorded the following activity for the year just ended: |
| Proceeds from sale of plant and equipment | $ | 840,000 |
| Proceeds from issuance of common stock | 440,000 | |
| Purchase of plant and equipment | 280,000 | |
| Notes issued to creditors for borrowed funds | 180,000 | |
| Dividends received from investments | 124,000 | |
| Dividends paid to stockholders | 44,000 |
| The net cash provided by financing activities for the year was: |
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
