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Two years ago, your company bought $49,000 in bonds from another company. This month, it sold half of those bonds for $22,340 and purchased the
Two years ago, your company bought $49,000 in bonds from another company. This month, it sold half of those bonds for $22,340 and purchased the common stock of another company for $1,850. On the statement of cash flows for this accounting period, your company would report a net cash: |
a. outflow of $20,490 from investing activities.
b. inflow of $22,340 from investing activities.
c. outflow of $22,340 from investing activities.
d. inflow of $20,490 from investing activities.
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