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The following details were obtained from the books of Tia Maria Ltd: 200,000 ordinary shares @ $0.50 were repurchased at par value o Interest charges

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The following details were obtained from the books of Tia Maria Ltd: 200,000 ordinary shares @ $0.50 were repurchased at par value o Interest charges of $75,000 was paid during the year Additional short term investments were purchased for $150,000 o 5% debentures valued at $450,000 was obtained from Seco Investments o Dividends of $55,000 was declared and paid during the year How much is to be shown as net cash flow from financing activities for the year? O a. $220,000 Ob. $70,000 O c. $295,000 O d. $495,000

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