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Vaughn Company issued common stock for proceeds of $386000 during 2020. The company paid dividends of $85000 and issued a long-term note payable for
Vaughn Company issued common stock for proceeds of $386000 during 2020. The company paid dividends of $85000 and issued a long-term note payable for $99000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $20000. The financing section of the statement of cash flows will report net cash inflows of $491000. $301000. $366000. $281000. In Bonita Company, land decreased $159000 because of a cash sale for $159000, the equipment account increased $51000 as a result of a cash purchase, and Bonds Payable increased $125000 from issuance for cash at face value. The net cash provided by investing activities is $108000. $159000. $284000. $210000. Accounts receivable arising from sales to customers amounted to $88000 and $76000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $287000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is $287000. $299000.
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