During the Current Year, Jamison Manufacturing Had Net Income of $15,000

question 130

Multiple Choice

During the current year, Jamison Manufacturing had net income of $15,000 and paid dividends of $8,000.Jamison also borrowed $50,000 on January 1 and repaid $5,000 of the note during the year.Jamison's net cash flows provided by financing activities is

• A)$37,000
• B)$42,000
• C)$50,000
• D)$65,000

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