In 2012, ABC Corporation Purchased Treasury Stock with a Cost

question 21

Multiple Choice

In 2012, ABC Corporation purchased treasury stock with a cost of $25,000. During the year, the company paid dividends of $15,000 and issued bonds payable for $750,000. Cash flows from financing activities for 2012 are:

• A) $710,000 cash inflow.
• B) $760,000 cash inflow.
• C) $790,000 cash outflow.
• D) $740,000 cash inflow.

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