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Assume the following excerpts from a companys balance sheet: Beginning BalanceEnding BalanceBonds payable$...

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Accounting

Assume the following excerpts from a companys balance sheet:

Beginning BalanceEnding BalanceBonds payable$ 500,000$ 600,000Common stock$ 900,000$ 900,000Retained earnings$ 375,000$ 443,000

During the year, the company did not retire any bonds or issue or repurchase any common stock. If the companys net income for the year was $110,000, then its net cash provided by (used in) financing activities would be:

Multiple Choice

$142,000.

$(142,000).

$58,000.

$(58,000).

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