Multiple Choice
In Rooney Company, Treasury Shares increased $30,000 from a cash purchase, and Retained Earnings increased $80,000 as a result of net income of $124,000 and cash dividends paid of $44,000.Net cash used by financing activities is:
A) $30,000.
B) $44,000.
C) $110,000.
D) $74,000.
Correct Answer:
Verified
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