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During 2020, Rainforest Corporation retired 1,000 shares of its common stock. These shares were originally...

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Accounting

During 2020, Rainforest Corporation retired 1,000 shares of its common stock. These shares were originally issued for $10 per share. No other stock was retired.There were no treasury stock transactions and no stock dividends during 2020. All issuances of common stock were in exchange for cash.Determine the amount to be reported on the 2020 Statement of Cash Flows as "Cash Paid to Retire Common Stock".

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