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Hilltop Company borrowed $50,000, paid dividends of $12,000, issued 2,000 shares for $30 per share, purchased land for $24,00
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Answer #1
Cash flow from financing activities
Borrow 50000
Dividend paid -12000
Issue share (2000*30) 60000
Net cash flow from financing activities 98000

So answer is b) $98000

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