Vangaurd Company purchased treasury stock with a cost of $55,000 during 2017. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $876,000. Cash flows from financing activities for 2017 total
A) $856,000 net cash inflow.
B) $911,000 net cash inflow.
C) $75,000 net cash outflow.
D) $801,000 net cash inflow.
Correct Answer:
Verified
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