In Bonita Company, Treasury Stock increased $20800 from a cash purchase, and Retained Earnings increased $79500 as a result of net income of $120100 and cash dividends paid of $39000. Net cash used by financing activities is: O $120100. O $40600. O $59800. $19800.

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Chapter1: Financial Statements And Business Decisions
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In Bonita Company, Treasury Stock increased $20800 from a cash purchase, and Retained Earnings increased $79500 as a result of
net income of $120100 and cash dividends paid of $39000. Net cash used by financing activities is:
O $120100.
O $40600.
O $59800.
Ⓒ $19800.
Transcribed Image Text:In Bonita Company, Treasury Stock increased $20800 from a cash purchase, and Retained Earnings increased $79500 as a result of net income of $120100 and cash dividends paid of $39000. Net cash used by financing activities is: O $120100. O $40600. O $59800. Ⓒ $19800.
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