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Question 19 5 pts Waugh Corporation had the following transactions during 2020: 1. Issued $125,000 of par value common stock for cash. 2. Recorded and

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Question 19 5 pts Waugh Corporation had the following transactions during 2020: 1. Issued $125,000 of par value common stock for cash. 2. Recorded and paid wages expense of $60,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $10,000. 5. Sold a long-term investment (cost $3,000) for cash of $3,000. 6. Recorded cash sales of $400,000. 7. Acquired an investment in Zynga stock for cash of $21,000. 8. Converted bonds payable to common stock in the amount of $500,000. 9. Bought inventory for cash of $160,000. 10. Repaid a 6 year note payable in the amount of $220,000. What is the net cash provided (used) by financing activities? O $115,000 ($105,000) $395.000 ($605.000)

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