Question: Alcan Inc. takes out a long-term note for $300,000, with which they will purchase a new machine to make aluminum cans. They issued and sold

Alcan Inc. takes out a long-term note for $300,000, with which they will purchase a new machine to make aluminum cans. They issued and sold stock for a total of $50,000. Alcan paid cash dividends of $30,000 and sold investments of $70,000. What is Alcan's net cash flow from financing activities? 


$150,000 


$290,000 


$320,000


$450,000

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