In Numar Company, Treasury Stock increased $25,000 from a cash purchase, and Retained Earnings increased $75,000 as a result of net income of $120,000 and cash dividends paid of $45,000.Net cash used by financing activities is:
A) $25,000.
B) $45,000.
C) $120,000.
D) $70,000.
Correct Answer:
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