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Calculate the net cash provided by financing activities

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Question - Coronado Industries provided the following information on selected transactions during 2018:

Dividends paid to preferred stockholders $508000

Loans made to affiliated corporations 1430000

Proceeds from issuing bonds 1650000

Proceeds from issuing preferred stock 2140000

Proceeds from sale of equipment 795000

Purchases of inventories 2380000

Purchase of land by issuing bonds 595000

Purchases of treasury stock 1150000

Calculate the net cash provided (used) by financing activities during 2018?

Reference no: EM132346466

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