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Assume the following excerpts from a company's balance sheet Bonds payable Common stock Retained earnings Beginning Ending Balance Balance $500,000 $600,000 $900,000 $ 909,000
Assume the following excerpts from a company's balance sheet Bonds payable Common stock Retained earnings Beginning Ending Balance Balance $500,000 $600,000 $900,000 $ 909,000 $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 company's 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 $184,000. $175,000. $159,000
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