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Independent Support,Inc

Question 18

Multiple Choice

Independent Support,Inc.issued common stock for $480,000 cash.The company declared and paid cash dividends of $52,000 and purchased treasury stock at a cost of $23,000.The financing section of the statement of cash flows will report Net cash provided by financing activities of:


A) $405,000.
B) $428,000.
C) $480,000.
D) $503,000.

Correct Answer:

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