Question: Using the indirect method to prepare the statement of cash flows, Jones and Company issued a new note payable for cash of $43,000 and paid

Using the indirect method to prepare the statement of cash flows, Jones and Company issued a new note payable for cash of $43,000 and paid cash dividends of $5,500. They also paid $20,000 cash for purchase of shares of Treasury Stock. The net. cash flows provided by / used for financing activities is A. $(17,500). B. $17,500. C. $(57,500). D. $57,500

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