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Covid Company purchased treasury shares with a cost of $25,000 during 2019. During the year,...

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Accounting

Covid Company purchased treasury shares with a cost of $25,000 during 2019. During the year, the company paid dividends of $20,000 and paid bonds payable Bonds payable matured $260,000. Cash flows from financing activities for 2019 total

2 points

$255,000 net cash outflow

$255,000 net cash inflow

$305,000 net cash outflow

$305,000 net cash inflow

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