Solved

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

Question 70

Multiple Choice

Trident Manufacturing Company's treasurer identified the following cash flows during this year as significant. It had repaid existing debt to the tune 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. It paid $233,144 in dividends to its shareholders. What is the net cash provided (used) by financing activities?


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions