Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers

Acme Co. had Shareholder's Equity of $50,000 at 1/1/2010. During 2010 the company issued common stock for proceeds of $100,000, paid dividends of $10,000 and purchased treasury stock for $20,000. The Cashflows from financing activities section will reflect:

Net (source of) cash of $120,000
Net (source of) cash of $70,000
Net (use of) cash of $70,000
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