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Compute net cash flows from financing activities

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Question - Madison Company issued 10,000 shares of $1 par-value common stock for $50,000 during 2020. The company paid dividends of $5,000. The company also issued a long-term note payable for $35,000 in exchange for new equipment. The company subsequently sold treasury stock that had a cost of $3,000 for $9,000. Finally, Madison Company sold a warehouse it no longer needed for $200,000. Compute net cash flows from financing activities.

Reference no: EM132777274

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