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
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 38E: Tidwell Company experienced the following during 20X1: a. Sold preferred stock for 480,000. b....
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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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