Vanguard Corporation issued 25,000 shares of $1 par common stock for $30 per share during...
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Accounting
Vanguard Corporation issued 25,000 shares of $1 par common stock for $30 per share during 2014. The company paid dividends of $40,000 and issued long-term notes payable of $300,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?
A - $1,010,000 net cash outflow
B :
$410,000 net cash outflow
C :
$410,000 net cash inflow
D :
$1,010,000 net cash inflow
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