Megan Corporation's net income last year was $98,000. Changes in the company's balance sheet accounts for the year appear below: Increases(Decreases)Asset and Contra-Asset Accounts:     Cash and cash equivalents$( 3,000)  Accounts receivable$( 14,000)  Inventory$3,000   Prepaid expenses$( 7,000)  Long-term investments$80,000   Property, plant, and equipment$55,000   Accumulated depreciation$58,000 Liability and Equity Accounts:     Accounts payable$0   Accrued liabilities$15,000   Income taxes payable$( 11,000)  Bonds payable$( 30,000)  Common stock$20,000   Retained earnings$62,000 The company paid a cash dividend of $36,000 and it did not dispose of any long-term investments or property, plant, and equipment. The company did not issue any bonds

payable or repurchase any of its own common stock. The following question pertain to the company's statement of cash flows.The net cash provided by (used in) financing activities last year was:

A. $(10,000)
B. $46,000
C. $(46,000)
D. $10,000


Answer: C

Business

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