Trident Corporation had the following cash flows in the current year. Which one of the following is a financing activity cash flow?
A) Rent on a warehouse amounting to $1.1 million
B) Purchase of $125,000 worth of five-year bonds issued by Towson Utilities
C) Preferred dividends to the tune of $330,000 paid to shareholders
D) Lease income received on a piece of land
Answer: C
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