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chill Company purchased treasury stock with a cost of $216,000 during 2020. During the year, the company paid dividends of $2
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Answer #1

ANSWER:

OPTION A: $214000 net cash inflow

EXPLANATION:

Net cash flow from financing activities Amount
Cash received from proceeds of bond issue $650000
dividends paid ($220000)
Cash paid for purchase of treasury stock ($216000)
Net cash inflow from financing activities $214000
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