Stone Retail Corporation's most recent comparative Balance Sheet is as follows:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$51,000 $64,000 Accounts receivable 83,000 41,000 Inventory 96,000 87,000 Property, plant, and equipment 120,000 120,000 Less accumulated depreciation 65,000 50,000 Total assets$ 285,000 $ 262,000 Liabilities and stockholders' equity: Accounts payable$12,000 $38,000 Income taxes payable 1,000 3,000 Bonds payable 30,000 5,000 Common stock 100,000 80,000 Retained earnings 142,000 136,000 Total liabilities and stockholders' equity$ 285,000 $ 262,000 Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were
declared and paid. Stone uses the indirect method to prepare its statement of cash flows.What is Stone's net cash provided by (used in) financing activities?
A. $5,000
B. $(15,000)
C. $(20,000)
D. $65,000
Answer: A
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