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Blair Madison Co. issues $2.6 million of new stock and pays $351,000 in cash dividends during the year. In addition, the company took advantage
Blair Madison Co. issues $2.6 million of new stock and pays $351,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $1.66 million in a new bond issue and paid off existing bonds with a face value of $2.80 million. The company bought 516 of another company's $1,160 bonds at a $116,000 premium. The net cash flow provided by financing activities is: Multiple Choice An inflow of $1,109,000. An outflow of $351,000. An outflow of $116,000. An inflow of $1,140,000.
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