Question: 31. Abbott Co. is preparing its statement of cash flows for the year. Abbotts cash disbursements during the year included the following: Payment of interest

31. Abbott Co. is preparing its statement of cash flows for the year. Abbott’s cash disbursements during the year included the following:

Payment of interest on bonds payable $500,000 Payment of dividends to stockholders 300,000 Payment to acquire 1,000 shares of Marks Co. common stock 100,000 What should Abbott report as total cash outflows for financing activities in its statement of cash flows?

a. $0

b. $300,000

c. $800,000

d. $900,000

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