of 41000 were paid and the company reported net income of 18

of $41,000 were paid and the company reported net income of $180,000. On the statement of cash flows (indirect method), Net cash used by O A. ($139,000). O B. ($89,000). O c. ($132,000). O D. ($91,000).

Solution

Net cash from financing activity=(Purchase of treasury stock)+(Dividends paid)

which is equal to

=(48000+41000)

=$89000(Negative).

Hence the correct option is B.