statement of cash flows
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Free InquiryBox, a nongovernmental not-for-profit organization, had the following transactions during the year:
Proceeds from sale of investments $80,000
Purchase of property, plant and equipment $10,000
Proceeds from long-term debt $100,000
Loss on sale of investment $5,000
What amount should be reported as net cash provided by financing activities in Box’s statement of cash flows?
A.$70,000
B.$75,000
C.$80,000
D.$100,000
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