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Stone Retail Corporation's most recent comparative Balance Sheet is as follows: Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment Less accumulated
Stone Retail Corporation's most recent comparative Balance Sheet is as follows: Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Total assets Liabilities and stockholders' equity: Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Ending Balance What is Stone's net cash provided by (used in) financing activities? $ 51,000 83,000 96,000 120,000 65,000 $ 285,000 $ 12,000 1,000 30,000 100,000 142,000 $285,000 Beginning Balance $ 64,000 41,000 87,000 120,000 50,000 $ 262,000 $ 38,000 3,000 5,000 80,000 136,000 $ 262,000 Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows.
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