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A business has the following financial information for the year: Issued 10,000 shares...

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Accounting

A business has the following financial information for the year:

Issued 10,000 shares of common stock for $20.00 per share

Issued long term debt of $500,000

Paid dividends of $85,000

Sold a piece of equipment of $50,000. The equipment had a book value of $20,000

Earned net income of $140,000

Based on the financial information presented above, determine net cash flow from financing activities for the year.

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