Watson Company's comparative balance sheet and income statement for last year appear below: The company declared and paid a cash dividend during the year. It did not purchase or dispose of any property, plant, and equipment. It did not issue any bonds 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 last year was:
A)$99,000
B)$(50,000)
C)$(99,000)
D)$50,000

Question

Watson Company's comparative balance sheet and income statement for last year appear below:   The company declared and paid a cash dividend during the year. It did not purchase or dispose of any property, plant, and equipment. It did not issue any bonds 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 last year was:
A)$99,000 
B)$(50,000) 
C)$(99,000) 
D)$50,000

Quizplus · Accepted Answer

Financing activities:
 11eaa48f_7afd_e76a_9e4a_7b2317c47901_TB2485_00

Watson Company's Comparative Balance Sheet and Income Statement for Last