Miller Company purchased treasury shares with a cost of $15,000 during 2011.During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $866,000.Cash flows from financing activities for 2011 total
A) $846,000 net cash inflow.
B) $861,000 net cash inflow.
C) $866,000 net cash outflow.
D) $831,000 net cash inflow.
Correct Answer:
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