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During the Current Year,Maddox Industries Sold a Delivery Truck with a Book

Question 119

Multiple Choice

During the current year,Maddox Industries sold a delivery truck with a book value of $5,000 for $15,000,declared and paid cash dividends of $6,000 and borrowed $40,000 from First National Bank.Maddox's net cash flows provided by financing activities is


A) $15,000
B) $44,000
C) $34,000
D) $46,000

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