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During 2018, T Company engaged in the following activities: ...

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Accounting

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 Solved by verified expert
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