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Assume the following excerpts from a company's balance sheet: Beginning Ending Balance Balance Bonds payable $500,000 $600,000 Common stock $ 900,000 $900,000 Retained earnings
Assume the following excerpts from a company's balance sheet: Beginning Ending Balance Balance Bonds payable $500,000 $600,000 Common stock $ 900,000 $900,000 Retained earnings $375,000 $462,000 17:00 ok During the year, the company did not retire any bonds or issue or repurchase any common stock. If the company's net income for the year was $110,000, then its net cash provided by (used in) financing activities would be: Multiple Choice $123,000 $77,000) $77,000.
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