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A company Issues $1.5 million of new stock and pays $241,000 in cash dividends during...

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Accounting

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A company Issues $1.5 million of new stock and pays $241,000 in cash dividends during the year. In addition, the company took advantage of falling Interest rates to borrow $1.55 million in a new bond issue and paid off existing bonds with a face value of $2.25 million. The company bought 505 of another company's $1, 050 bonds at a $105,000 premium. The net cash flow provided by financing activities is: An outflow of $241,000. An inflow of $700,000. An inflow of $559,000. An outflow of $105,000

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