Preparing a company statement of cash flows

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In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported the following information:

Repayment of outstanding bonds

$107,000

Purchase of treasury stock

$62,000

Issuance of common stock

$46,000

Payment of cash dividends

$15,000

Net cash flows from financing activities for the year were:

a. $230,000 of net cash used.

b. $230,000 of net cash provided.

c. $108,000 of net cash used.

d. $138,000 of net cash used.

e. $138,000 of net cash provided.

Reference no: EM13913756

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