Question: Please answer the above question ENTIRELY and CLEARLY indicate what the answer is. Thank you! A company issues $2.3 million of new stock and pays
Please answer the above question ENTIRELY and CLEARLY indicate what the answer is. Thank you!
A company issues $2.3 million of new stock and pays $321,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $1.63 million in a new bond issue and paid off existing bonds with a face value of $2.65 million. The company bought 513 of another company's $1130 bonds at a $113,000 premium. The net cash flow provided by financing activities is: An outflow of $321,000. An outflow of $113,000. An inflow of $959,000. An inflow of $1, 020,000
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