A Company Took Out $665,000 of New Debt This Year

Multiple Choice

A company took out $665,000 of new debt this year and repaid $1,000,000 of older debt in the same year.The company also issued stock for $442,000 cash and paid dividends of $99,000 for the year.The company's financing cash flows appearing the statement of cash flows will show:

A) Net cash used in financing activities of $434,000
B) Net cash used in financing activities of $335,000
C) Net cash provided by financing activities of $8,000
D) Net cash provided by financing activities of $107,000