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During 2018, T Company engaged in the following activities:
| | | | |
| Distribution of cash dividends declared in 2017 | $ | 79 | |
| Fair value of shares issued in a stock dividend | | 360 | |
| Payment to retire bonds | | 740 | |
| Proceeds from the sale of treasury stock (cost: $86) | | 99 | |
| |
In T's statement of cash flows, what were net cash outflows from financing activities for 2018?
Multiple Choice
$918.
$720.
$1,199.
$641.
Answer & Explanation
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