Question
Nick son Company did not issue any bonds and the company's Bonds Payable account decreased by $45,000 during the year. The beginning balance in the
Nick son Company did not issue any bonds and the company's Bonds Payable account decreased by $45,000 during the year. The beginning balance in the company's Retained Earnings was $2,000, its ending balance is $23,000, and the company reported net income of $32,200. The company also paid a cash dividend during the year. Based on the above information, what is the net cash provided by (used in) financing activities?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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