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Lab Industries, Inc

Accounting

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Lab Industries, Inc.,

• issued $53,000 of bonds,
• paid cash dividends of $8,300,
• sold long-­term investments for $12,300,
• received $5,300 of dividend revenue,
• purchased treasury stock for $15,300, and
• purchased new equipment for $19,300.

What is the net cash flow from financing activities?

Group of answer choices

$62,300 inflow

$29,400 inflow.

$27,700 outflow.

$19,300 inflow.