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The following information is available from the financial statements of Tau Company: ...

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Accounting

The following information is available from the financial statements of Tau Company:

  • Short-term borrowings: $2.90 million

  • Long-term borrowings: $6.84 million

  • Repayments of long-term borrowings: $3.70 million

  • Interest payments: $780,400

  • Purchase of treasury shares: $0.90 million

  • Cash dividends declared: $2.10 million

What amount should Tau Company report as Cash Flows from Financing Activities in the Statement of Cash Flows?

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