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Stone Retail Corporation's Most Recent Comparative Balance Sheet Is as Follows

Question 41

Multiple Choice

Stone Retail Corporation's most recent comparative Balance Sheet is as follows: Stone Retail Corporation's most recent comparative Balance Sheet is as follows:   Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows.What is Stone's net cash provided by (used in)  financing activities? A)  $(20,000)  B)  $(15,000)  C)  $5,000 D)  $65,000 Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows.What is Stone's net cash provided by (used in) financing activities?


A) $(20,000)
B) $(15,000)
C) $5,000
D) $65,000

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