Fortuna Company is preparing its statement of cash flows. Cash disbursements during the year included: Payment for
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Question:
Fortuna Company is preparing its statement of cash flows. Cash disbursements during the year included:
Payment for a new stamping machine | $ | 200,000 | |
Payment of dividends to stockholders | 100,000 | ||
Payment to acquire 100 shares of Lola Corp. | 40,000 | ||
What are Fortuna’s total cash outflows for financing activities?
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