ABC's transactions for the year ended December 31, 2XX1 included the following: Purchased real estate for
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Question:
ABC's transactions for the year ended December 31, 2XX1 included the following:
• Purchased real estate for $1,300,000 cash which was borrowed from a bank.
• Sold available-for-sale securities for $950,000.
• Paid dividends of $1,200,000.
• Issued 200 shares of common stock for $200,000.
• Purchased machinery and equipment for $190,000 cash.
• Paid $720,000 toward a bank loan.
• Reduced accounts receivable by $192,000.
• Increased accounts payable by $390,000.
What is ABC's net cash used in financing activities for 2XX1?
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