Stimpleton Company engages in the following cash payments: Purchase equipment $4,000 Pay rent 700 Repay loan to the bank 5,900 Pay workers' salaries 1,050 What is the total amount of cash paid for operating activities? A.$1,750 B.$4,000 C.$6,950 D.
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Navarro, Inc., issued $250,000 of eight percent, 20‑year bonds at 98 on June 30, 2012. Interest is payable semiannually on December 31 and June 30. Through June 30, 2018, Navarro amortized $3,000 of the bond discount.
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