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Use the Statement of Cash Flows for the Road to Broad Mask Company for 2020 to answer the following question. Cash flows from operating activities

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Use the Statement of Cash Flows for the Road to Broad Mask Company for 2020 to answer the following question. Cash flows from operating activities Net income $ 40,000 Adjustments to reconcile net income to cash flow from operating activities: Depreciation and amortization 11,000 Changes in assets and liabilities Accounts Receivable 7,000 Accounts Payable (8,000) Net cash provided by operating activities 50,000 Cash flow from investing activities: Purchases of property, plant, and equipment (20,000) Proceeds from disposal of property, plant, and equipment 2,000 Net cash used in investing activities (18,000) Cash flows from financing activities: Stock issued 40,000 Payment of cash dividends (5,000) Net cash used in financing activities 45,000 Net change in cash and cash equivalents: 77,000 Cash and cash equivalents at beginning of period 54,000 Cash and cash equivalents at end of period $ 131,000 Which of the following is TRUE for the year ended December 31, 2020? Road to Broad's cash increased $131,000 Here is the Stockholders' Equity section for Cornhuskers Cornholes from the December 31, 2020 Balance Sheet. 2020 $5,000 Stockholders' Equity Common Stock at par value ($10 par value, 1,000 shares authorized, 500 shares issued and outstanding) Contributed Capital in excess of par Retained Earnings Total Stockholders' Equity 25,000 20,000 $50,000 What was the average price per share (rounded to nearest dollar) that Cornhuskers issued its stock at? $50 $100 $10 $60

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