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QUESTION 21 Blair Madison Company issues $2.8 million of new stock and pays $560,000 in cash dividends during the year in addition, the company

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QUESTION 21 Blair Madison Company issues $2.8 million of new stock and pays $560,000 in cash dividends during the year in addition, the company took advantage of balling 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 O An inflow of $1,400,000 O An outflow of $560,000 O An outflow of $280,000 O An inflow of $840,000 O none of the above

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