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Thomson Co. had $150,000 and $310,000 in cash on the balance sheet at the end of 2XX0 and 2XX1, respectively. Its cash flow from operating

Thomson Co. had $150,000 and $310,000 in cash on the balance sheet at the end of 2XX0 and 2XX1, respectively. Its cash flow from operating activities totaled $2.5mi and its cash flow from long-term investment activities totaled $2mi. The firm issued $500,000 in L-T debt and paid $50,000 dividends. How much common stock did the firm repurchase?

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