Buckley Corporation's most recent comparative balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets:      Cash and cash equivalents$19 $20 Accounts receivable 26  27 Inventory 56  51 Property, plant, and equipment 686  550 Less accumulated depreciation 430  363 Total assets$ 357 $ 285 Liabilities and stockholders' equity:      Accounts payable$30 $34 Bonds payable 43  40 Common stock 54  50 Retained earnings 230  161 Total liabilities and stockholders' equity$ 357 $ 285 The company's net income for the year was $91 and it paid a cash dividend of $22. It did not dispose of any property, plant, and equipment during the year. The company did not retire any bonds payable or repurchase any of its own

common stock.The net cash provided by (used in) financing activities for the year was:

A. $3
B. $(22)
C. $(15)
D. $4


Answer: C

Business

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Business