Lab Industries,Inc. ,issued $50,000 of bonds,paid cash dividends of $8,000,sold long-term investments for $12,000,received $5,000 of dividend revenue,purchased treasury stock for $15,000,and purchased new equipment for $19,000.What is the net cash flow from financing activities?
A) $70,000 inflow.
B) $27,000 inflow.
C) $80,000 inflow.
D) $20,000 outflow.
Correct Answer:
Verified
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