The following events occurred last year for the Cronin Company: Purchase of treasury stock 30,000 Issuance of common stock 50,000 Payment of dividends to common stockholders 15,000 Sale of equipment 10,000 Considering just the above transactions, the net cash flows from financing activities on the statement of cash flows was:
A) $20,000.
B) $5,000.
C) $15,000.
D) $25,000.
B
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Fill in the blank(s) with the appropriate word(s).