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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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