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Blair Madison Co. issues $2.9 million of new stock and pays $381,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $1.69 million in a new bond issue and paid off existing bonds with a face value of $2.95 million. The company bought 519 of another company's $1,190 bonds at a $119,000 premium. The net cash flow provided by financing activities is: Multiple Choice An outflow of $19,000. An inflow of $1,260,000. An outflow of $381,000. An inflow of $1,259,000. O O O O

Blair Madison Co. issues $2.9 million of new stock and pays $381,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $1.69 million in a new bond issue and paid off existing bonds with a face value of $2.95 million. The company bought 519 of another company's $1,190 bonds at a $119,000 premium. The net cash flow provided by financing activities is: Multiple Choice An outflow of $19,000. An inflow of $1,260,000. An outflow of $381,000. An inflow of $1,259,000. O O O O

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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24.

Blair Madison Co. issues $2.9 million of new stock and pays $381,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $1.69 million in a new bond issue and paid off existing bonds with a face value of $2.95 million. The company bought 519 of another company's $1,190 bonds at a $119,000 premium. The net cash flow provided by financing activities is: Multiple Choice An outflow of $119,000. An inflow of $1,260,000. An outflow of $381,000. An inflow of $1,259,000.
Transcribed Image Text:Blair Madison Co. issues $2.9 million of new stock and pays $381,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $1.69 million in a new bond issue and paid off existing bonds with a face value of $2.95 million. The company bought 519 of another company's $1,190 bonds at a $119,000 premium. The net cash flow provided by financing activities is: Multiple Choice An outflow of $119,000. An inflow of $1,260,000. An outflow of $381,000. An inflow of $1,259,000.
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