Two years ago, Bethel, Inc. bought $80,000 in bonds from another company. This month, it sold half of those bonds for $41,280 and purchased the common stock of another company for $2,000. On the statement of cash flows for this accounting period, Bethel would report a net cash:
A. outflow of $39,280 from investing activities.
B. inflow of $41,280 from investing activities.
C. inflow of $39,280 from investing activities.
D. outflow of $41,280 from investing activities.
Answer: C
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