The most recent balance sheet and income statement of Penaloza Corporation appear below: The company paid a cash dividend of $18. It did not dispose of any property, plant, and equipment. The company did not retire any bonds payable 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 for the year was:
A) $(18)
B) $5
C) $(5)
D) $8

Question

The most recent balance sheet and income statement of Penaloza Corporation appear below:  The company paid a cash dividend of $18. It did not dispose of any property, plant, and equipment. The company did not retire any bonds payable 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 for the year was:
A) $(18) 
B) $5 
C) $(5) 
D) $8

Quizplus · Accepted Answer

The Answer of The most recent balance sheet and income statement of Penaloza Corporation appear below:  The company paid a cash dividend of $18. It did not dispose of any property, plant, and equipment. The company did not retire any bonds payable 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 for the year was:
A) $(18) 
B) $5 
C) $(5) 
D) $8

The Most Recent Balance Sheet and Income Statement of Penaloza