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Please help me with the problem! Thank you Blair Madison Co. issues $2.8 million of new stock and pays $560,000 in cash dividends during the
Please help me with the problem! Thank you
Blair Madison Co. issues $2.8 million of new stock and pays $560,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $4.2 million in a new bond issue and paid off existing bonds with a face value of $5.6 million. The company bought 1,400 of another company's $1,000 bonds at a $280,000 premium. The net cash flow provided by financing activities is: Multiple Choice An inflow of $1,400,000 ) An outflow of $560,000. An outflow of $280,000. An inflow of $840,000 Step by Step Solution
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