Question
Skysong, Inc. purchased treasury stock with a cost of $43500 during 2017. During the year, the company paid dividends of $15800 and issued bonds payable
Skysong, Inc. purchased treasury stock with a cost of $43500 during 2017. During the year, the company paid dividends of $15800 and issued bonds payable for proceeds of $692000. Cash flows from financing activities for 2017 total
a. $59300 net cash outflow.
b. $632700 net cash inflow.
c. $719700 net cash inflow.
d. $676200 net cash inflow.
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Financial Accounting
Authors: Carl Warren, James M. Reeve, Philip E. Fess
8th Edition
0324025394, 978-0324025392
