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Pacifica Company recorded the following cash transactions for the year: Paid $255000 for salaries.
Paid $60000 to purchase equipment.
Collected $7200 from the sale of investments
Repaid $48000 of loan principle
Paid $220000 for other operating expenses.
Paid $112000 in dividends.
Collected $652000 from customers.
What was Pacifica's net cash provided (used) by financing activities?
Assignment
A task or piece of work allocated to someone as part of a job or course of study.
Allowance Method
An accounting method for estimating uncollectible accounts receivable that involves creating a provision for bad debts as a percentage of the accounts receivable.
Gross Price
The total cost of a good or service without deducting any discounts, taxes, or other expenses.
Net Price
The actual price paid for a product after deducting any discounts, rebates, or allowances from the list or gross price.
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