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Assume the following excerpts from a companys balance sheet: Beginning Balance Ending Balance Bonds payable $ 500,000 $ 600,000 Common stock $ 900,000 $ 910,000

Assume the following excerpts from a companys balance sheet:

Beginning Balance Ending Balance
Bonds payable $ 500,000 $ 600,000
Common stock $ 900,000 $ 910,000
Retained earnings $ 375,000 $ 450,000

During the year, the company retired bonds payable of $50,000 and did not repurchase any of its common stock. If the companys net income for the year was $110,000, then the total amount of the cash inflows recorded in the financing activities section of the statement of cash flows would be:

Multiple Choice

$185,000.

$160,000.

$175,000.

$110,000.

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