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Use the following to answer Questions 10.11 & 12 Zoum Corporation had the following transactions during 2020: 1. Issued $175,000 of common stock for cash.

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Use the following to answer Questions 10.11 & 12 Zoum Corporation had the following transactions during 2020: 1. Issued $175,000 of common stock for cash. 2. Paid salaries of $40,000. 3. Acquired land by issuing $60,000 common stock. 4. Declared and paid a $15,000 cash dividend. 5. Sold some equipment for $2,000 cash. 6. Recorded cash sales of $500,000. 7. Bought inventory for $170,000 cash. 8. Purchased some equipment for $23,000 cash. 9. Repaid a 6-year bond in the amount of $210,000. What are cash flows from operating activities? $390,000 $330,000 $290,000 $465,000 Question 11 What are cash flows from investing activities? ($21,000) ($81,000) $39,000 $204,000 Question 12 What are cash flows from financing activities? $160,000 ($50,000) (5635,000) $535,000

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