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The Statement of Cash Flows for Urban Athletic Company Included

Question 45

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The Statement of Cash Flows for Urban Athletic Company included the following items,among others:
 Dividends paid $31,00 Depreciation on equipment 19,500 Issued common stock 98,000 Paid off long-term note payable 23,000 Net income 29,540 Purchases of stock of other companies 8,000 Purchases of equipment 60,000\begin{array}{ll}\text { Dividends paid } & \$ 31,00 \\\text { Depreciation on equipment } & 19,500 \\\text { Issued common stock } & 98,000 \\\text { Paid off long-term note payable } & 23,000 \\\text { Net income } & 29,540 \\\text { Purchases of stock of other companies } & 8,000 \\\text { Purchases of equipment } & 60,000\end{array}
Prepare the cash flows from financing activities section of the statement of cash flows.All items necessary for that section appear above,in addition to items that belong in the operating and investing sections.

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