Lab Industries, Inc., issued $66,000 of bonds, paid cash dividends of $9,600, sold long-term investments...
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Lab Industries, Inc., issued $66,000 of bonds, paid cash dividends of $9,600, sold long-term investments for $13,600, received $6,600 of dividend revenue, purchased treasury stock for $16,600, and purchased new equipment for $20,600. What is the net cash flow from financing activities?
$20,600 inflow.
$76,600 inflow.
$39,400 outflow.
$39,800 inflow.
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