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Determine the amount of cash provided

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Problem - New Mexico, Inc., sold common stock for $560,000 and preferred stock for $56,000 during the current year. In addition, the company purchased treasury stock for $47,000 and declared dividends on common and preferred stock for $36,000, of which $12,000 was unpaid at the end of the year. Determine the amount of cash provided by or used for financing activities during the year.

Reference no: EM132898395

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