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Use the following information to answer the next three questions: The following selected account balances are taken from the records of Cooper Corplration for the
Use the following information to answer the next three questions: The following selected account balances are taken from the records of Cooper Corplration for the past two years. December 31 2018 2017 Equipment $750 $400 Accumulated depreciation Land Bonds payable Common stock Additional paid in capital Retained earnings 825 Other information available for 2018: Net income for the year was $200. Depreciation expense on plant and equipment was $70. Equipment with an original cost of $200 and Accum. Dep. of $135 was sold at a gain of $5. No land was sold during the year. Both new equipment and land were purchased during the year. Bonds payable were retired . Common stock was issued for cash. Cash dividends were declared and paid. . .. What is Cooper Corp's net increase (decrease) in cash from financing activities? Select one: a. None of the above b. (50) C. 30 o d. (80) e. 50
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