A corporation received $80,000 in cash when it sold common stock and used the proceeds to pay $60,000 in bonds payable.As a result,the statement of cash flows would report
A) $20,000 as the net cash used in financing activities.
B) $20,000 as the net cash provided by investing activities.
C) $20,000 as the net cash used in investing activities.
D) $20,000 as the net cash provided by financing activities.
Correct Answer:
Verified
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A)
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A)
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