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Question 17 Calvin Company provided the following information during 2017: Purchase of land by issuing bonds Proceeds from is

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Answer #1

Answer : $50000

Calculated as

Proceeds from issuing of long term debt $          300,000
Dividend paid to shareholders $       (120,000)
Proceeds from issuing stock $          300,000
Purchase of treasury stock $       (430,000)
Cash flow from financing activities $            50,000
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