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Indicate the effect, if any, that each separate transaction has on financing cash flows. (Select...

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Accounting

Indicate the effect, if any, that each separate transaction has on financing cash flows. (Select "No Effect" if there is no effect.) Long-term notes payable with a carrying value of $15,400 are retired for $16,600 cash, resulting in a $1,200 loss. Paid cash dividends of $11,400 to common stockholders. Acquired $20,400 worth of machinery in exchange for common stock.

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