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Red Ox Corporation's net income for the year ended December 31, 20X4, was $128,000. Red Ox has elected to report any interest paid as operating activities and any dividends paid as financing activities.
Additional data for the 20X4 fiscal year is as follows:
Question 1: What are Red Ox's net cash inflows from financing activities for the 20X4 fiscal year?
a) $ 94,000
b) $107,000
c) $110,000
d) $136,000
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