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Lana Company purchased treasury shares with a cost of $40,000 during 2020. During the year,...

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Accounting

Lana Company purchased treasury shares with a cost of $40,000 during 2020. During the year, the company paid dividends of $70,000 and redeemed bonds payable for $150,000. The company issued a non-current note payable for $10,000 in exchange for equipment during the year. Cash flows from financing activities for 2020 total:

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