Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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