Hines Cannery issued capital stock in 2018 for $700,000.During 2018 the company paid dividends of $250,000.What is the effect of these events in Hines' statement of cash flows for 2018?
A) $700,000 cash provided by investing activities,and $250,000 cash disbursed for financing activities.
B) $700,000 cash provided by financing activities,and $250,000 cash disbursed for investing activities.
C) $700,000 cash provided by financing activities,and $250,000 cash disbursed for operating activities.
D) $450,000 net cash provided by financing activities.
Correct Answer:
Verified
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