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Knowledge Check 01 The following events occurred last year at Nieto Company: Depreciation expense $ 22,000 Dividends paid $ 11,200 Paid off bonds payable $
Knowledge Check 01
The following events occurred last year at Nieto Company:
Depreciation expense | $ | 22,000 | |||||||||||
Dividends paid | $ | 11,200 | |||||||||||
Paid off bonds payable | $ | 45,000 | |||||||||||
Purchase of plant and equipment | $ | 60,000 | |||||||||||
Sale of long-term investment | $ | 40,500 | |||||||||||
Based on the above information, what is the net cash provided by (used in) financing activities?
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$(75,300)
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$(56,200)
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$(33,800)
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$45,000
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