Stone Retail Corporation's most recent comparative Balance Sheet is as follows:
Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows.
-What is Stone's net cash provided by (used in)financing activities?
A) $(20,000)
B) $(15,000)
C) $5,000
D) $65,000

Question

Stone Retail Corporation's most recent comparative Balance Sheet is as follows:
  Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows.
-What is Stone's net cash provided by (used in)financing activities?
A) $(20,000) 
B) $(15,000) 
C) $5,000 
D) $65,000

Quizplus · Accepted Answer

11ea7761_159a_f08a_81a5_c3c288057ed7_TB2580_00

Stone Retail Corporation's Most Recent Comparative Balance Sheet Is as Follows