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In Ramon Company, Treasury Stock increased $20.000 from a cash purchase and Retained Earnings increased $80,000 as a result of net income of $120,000 and
In Ramon Company, Treasury Stock increased $20.000 from a cash purchase and Retained Earnings increased $80,000 as a result of net income of $120,000 and cash dividends paid of $40,000. Ramon also purchased $100,000 of plant assets with cash. Net cash in/outflows from financing activities is/are: O A $20,000 B. $120,000 OC. $40,000 OD $60,000
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