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Consider the following events: : 25,000 shares of preferred stock, cumulative, 5%, $40 par was issued for $60/share. The annual cash dividend was declared and
Consider the following events: : 25,000 shares of preferred stock, cumulative, 5%, $40 par was issued for $60/share. The annual cash dividend was declared and paid to the above preferred stock. The company purchased 12,000 shares of common stock at $68 per share to be held as Treasury stock. . Interest of $32,000 was paid to bondholders. Bonds Payable with a par value of $400,000 were retired at $432,000. Compute the net cash flow from financing activities (parentheses indicate an outflow). Select one: O A. $(286,000) O B. $ 170,000 O C. $ 202,000 O D. $234,000
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