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Crane Company purchased treasury stock with a cost of $15000 during 2016. During the year, the company paid dividends of $19000 and issued bonds payable for proceeds of $850000. Cash flows from financing activities for 2016 total $850000 net cash outflow. $846000 net cash inflow. $816000 net cash inflow $831000 net cash inflow. ︵
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Answer #1

Answer: $816000 net cash inflow

Financing Activity Cash Inflow/(Outflow)
Purchase of treasury stock -15000
Payment of dividends -19000
Issue of bonds payable 850000
Net cash flows $ 816000
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