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Blair Madison Company issues $1.8 million of new stock and pays $271,000 in cash dividends during the year. In addition, the company took advantage of
Blair Madison Company issues $1.8 million of new stock and pays $271,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $1.58 million in a new bond issue and paid off existing bonds with a face value of $2.40 million. The company bought 508 of another company's $1,080 bonds at a $108,000 premium. The net cash flow provided by financing activities is Multiple Choice An inflow of $709,000 An outflow of $100.000 An outflow of 5271.000 An inflow of 5820.000
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