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Trident Manufacturing Company's Treasurer Identified the Following Cash Flows During

Question 88

Multiple Choice

Trident Manufacturing Company's treasurer identified the following cash flows during this year as significant. The company repaid existing debt of $425,110, while raising additional debt capital of $750,000. It also repurchased stock in the open markets for a total of $63,250 and paid $233,144 in dividends to its shareholders. What is the net cash provided by (used in) financing activities?


A) $28,496
B) $91,746
C) -$28,496
D) -$91,746

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