In preparing a company's statement of cash flows for the most recent year, Jeffers Corp. reported the following information: Repayment of outstanding bonds$107,000Purchase of treasury stock 62,000Issuance of common stock 46,000Payment of cash dividends 15,000Net cash flows from financing activities for the year were:
A. $138,000 of net cash used.
B. $138,000 of net cash provided.
C. $230,000 of net cash used.
D. $108,000 of net cash used.
E. $230,000 of net cash provided.
Answer: A
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