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The Following Transactions Occurred at the Lionel Corporation in 2013

Question 61

Essay

The following transactions occurred at the Lionel Corporation in 2013. Use this information to prepare Lionel's schedule of cash flows from financing activities.
A) The company issued 300 shares of its $50 par value common stock.
B) Cash dividends of $25,000 were paid on common stock during the year.

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