Walmouth Corporation's comparative balance sheet and income statement for last year appear below: The company declared and paid a cash dividend of $54,000 during the year.It did not purchase or dispose of any property,plant,and equipment.It did not issue any bonds or repurchase any of its own common stock.The following questions pertain to the company's statement of cash flows. The net cash provided by (used in)financing activities last year was:
A)($104,000)
B)$104,000
C)($60,000)
D)$60,000

Question

Walmouth Corporation's comparative balance sheet and income statement for last year appear below:   The company declared and paid a cash dividend of $54,000 during the year.It did not purchase or dispose of any property,plant,and equipment.It did not issue any bonds or repurchase any of its own common stock.The following questions pertain to the company's statement of cash flows. The net cash provided by (used in)financing activities last year was:
A)($104,000) 
B)$104,000 
C)($60,000) 
D)$60,000

Quizplus · Accepted Answer

The Answer of Walmouth Corporation's comparative balance sheet and income statement for last year appear below:   The company declared and paid a cash dividend of $54,000 during the year.It did not purchase or dispose of any property,plant,and equipment.It did not issue any bonds or repurchase any of its own common stock.The following questions pertain to the company's statement of cash flows. The net cash provided by (used in)financing activities last year was:
A)($104,000) 
B)$104,000 
C)($60,000) 
D)$60,000

Walmouth Corporation's Comparative Balance Sheet and Income Statement for Last