Vision Company purchased treasury stock with a cost of $16000 during 2016. During the year the company paid dividends of $20000 and issued bonds payable for proceeds of $860000. Cash flows from financing activities for 2016 total

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The cash flows from financing activities include the proceeds from issuing bonds and the payment of dividends, but also the purchase of treasury stock. The net cash inflow from financing activities is calculated as follows: $860,000 (proceeds from bonds) - $20,000 (dividends paid) - $16,000 (purchase of treasury stock) = $824,000 net cash inflow.

Vision Company Purchased Treasury Stock with a Cost of $16000