Gorovitz Corporation's most recent balance sheet appears below: The company's net income for the year was $86 and it did not issue any bonds or repurchase any of its common stock during the year.Cash dividends were $23.The net cash provided by (used in)financing activities for the year was:
A)$4
B)$(15)
C)$(23)
D)$(34)

Question

Gorovitz Corporation's most recent balance sheet appears below:  The company's net income for the year was $86 and it did not issue any bonds or repurchase any of its common stock during the year.Cash dividends were $23.The net cash provided by (used in)financing activities for the year was:
A)$4 
B)$(15) 
C)$(23) 
D)$(34)

Quizplus · Accepted Answer

Financing activities:
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Gorovitz Corporation's Most Recent Balance Sheet Appears Below: the Company's