In Preparing a Company's Statement of Cash Flows for the Most

question 70

Multiple Choice

In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported the following information: $\begin{array}{llr} \text {Repayment of outstanding bonds } &\$107,000\\ \text {Purchase of treasury stock } &62,000\\ \text { Issuance of common stock } &46,000\\ \text { Payment of cash dividends } &15\end{array}$


Net cash flows from financing activities for the year were:

• A) $230,000 of net cash provided.
• B) $108,000 of net cash used.
• C) $138,000 of net cash provided.
• D) $230,000 of net cash used.
• E) $138,000 of net cash used.

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