If a company issues long-term debt for $50,000 in cash, declares and pays dividends of $15,000, and

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If a company issues long-term debt for $50,000 in cash, declares and pays dividends of $15,000, and announces plans to repurchase $25,000 worth of treasury stock, what is the net cash provided (used) by financing activities?

a). $10,000 provided

b). $10,000 used

c). $40,000 provided

d). $35,000 provided

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Financial Reporting and Analysis Using Financial Accounting Information

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12th Edition

Authors: Charles H Gibson

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Posted Date: Jan 15, 2021 03:03 PM

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If a company issues long-term debt for $50,000 in cash, declares and pays dividends of $15,000, and

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Financial Reporting and Analysis Using Financial Accounting Information

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