Vision Company purchased treasury stock with a cost of $16,000 during 2017. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $860,000. Cash flows from financing activities for 2017 total
A) $840,000 net cash inflow.
B) $856,000 net cash inflow.
C) $860,000 net cash outflow.
D) $824,000 net cash inflow.

Question

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The Answer of Vision Company purchased treasury stock with a cost of $16,000 during 2017. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $860,000. Cash flows from financing activities for 2017 total
A) $840,000 net cash inflow.
B) $856,000 net cash inflow.
C) $860,000 net cash outflow.
D) $824,000 net cash inflow.

Vision Company Purchased Treasury Stock with a Cost of $16,000