In Ramon Company Treasury Stock Increased $20000 from a Cash

question 166

Multiple Choice

In Ramon Company Treasury Stock increased $20000 from a cash purchase and Retained Earnings increased $80000 as a result of net income of $120000 and cash dividends paid of $40000. Net cash used by financing activities is:

• A) $20000.
• B) $40000.
• C) $120000.
• D) $60000.

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Definitions:

Percent

A unit of measure expressing a number as a fraction of 100, commonly used to describe proportions and rates.

Mates

Refers to individuals paired for reproductive purposes or colloquially used to refer to friends or companions.

Socioeconomic Class

A division of society based on social and economic status.

Waist-To-Hip Ratio

A measurement used to assess the distribution of body fat, calculated by dividing the circumference of one’s waist by the circumference of one’s hips, with implications for health and attractiveness.