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Business, 19.05.2020 16:17 cynthiauzoma367

Smiley Corp.'s transactions for the year ended December 31, 2021 included the following: Purchased real estate for $1,250,000. Borrowed $1,250,000 from a bank. Sold available-for-sale securities for $1,000,000. Paid dividends of $1,200,000. Issued 500 shares of common stock for $500,000. Purchased machinery and equipment for $250,000 cash. Paid $900,000 toward a bank loan. Reduced accounts receivable by $200,000. Increased accounts payable $400,000. Required:Smiley's net cash used in financing activities for 2021 was:a) $450,000. b) $350,000. c) $900,000. d) $850,000.

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Smiley Corp.'s transactions for the year ended December 31, 2021 included the following: Purchased r...
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