Question: Abbott Co. is preparing its Statement of Cash Flows for the year. Abbott's cash disbursements during the year included the following: Payment of interest on

Abbott Co. is preparing its Statement of Cash Flows for the year. Abbott's cash disbursements during the year included the following:

Payment of interest on bonds payable $500,000
Payment of dividends to stockholders $300,000
Payment to acquire 1,000 shares of Marks Co. common stock $100,000

What should Abbott report as total cash outflows for financing activities in its Statement of Cash Flows?

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