Question: Using the indirect method to prepare the statement of cash flows, Jones and Company issued a new note payable for cash of $39,000 and paid

Using the indirect method to prepare the statement of cash flows, Jones and Company issued a new note payable for cash of $39,000 and paid cash dividends of $3,900. They also paid $25,000 cash for purchase of shares of Treasury Stock. The net cash fows provided by / used for financing activities is A. $60,100. B. $10,100. C. $(10,100). D. $(60,100)

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