Blair Madison Co. issues $20 million of new stock and pays $291,000 in cash dividends...
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Blair Madison Co. issues $20 million of new stock and pays $291,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $160 million in a new bond issue and paid off existing bonds with a face value of $2.50 million. The company bought 510 of another company's $1,100 bonds at a $110,000 premium. The net cash flow provided by financing activities is: Multiple Choice An inflow of $900,000 An outflow of $110,000 An outflow of $291000 O An inflow of $809,000
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