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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 $99000
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 O $366000. O $491000. O $301000. O $281000. Save for Later Attempts: 0 of 1 used Submit AnswerAccounts receivable arising from sales to customers amounted to $84000 and $65000 at the beginning and end of the year, respectively. Net income renewed on the income statement for the year was $296000. Exclusive of the effect of other adjustments, Next question the cash flows flumuperating activities to be reported on the indirect statement of cash flows is O $296000. O $231000. O $276000. O $315000. Save for Later Attempts: 0 of 1 used Submit AnswerConcord Company reported net income of $66000 for the year. During the year, accounts receivable decreased by $8400, accounts payable increased by $3500 and depreciation expense of $4900 was recorded. Using the indirect method, net cash provided by operating activities for the year is o $61100. O $54100. O $82800. O $66000. Save for Later Attempts: 0 of 1 used
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