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The Stancil Corporation provided the following current information.
Proceeds from short-term borrowing
$6,000
Proceeds from long-term borrowing
20,000
Proceeds from the sale of common stock
1,000
Purchases of fixed assets
Purchases of inventories
4,000
Payment of dividends
22,000
Determine the cash flow for the Stancil Corporation.
5% on the first day of the current fiscal year, 1,500,000 of 10-year, 8% bonds, with interest payable semiannually, were sold for 1,225,000, Present entries to record the following transactions for the current fiscal year:
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DM Conversion Total cost
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