Question: Using the indirect method to prepare the statement of cash flows, Smith Company issued additional common stock for $38,000 cash and paid cash dividends of

Using the indirect method to prepare the statement of cash flows, Smith Company issued additional common stock for $38,000 cash and paid cash dividends of $3,000. They also paid $19,000 cash to retire a note payable. The net cash flows provided by / used for financing activities is A. $(16,000). B. $16,000. C. $(54,000) D. $54,000

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