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Business, 13.12.2019 02:31 edjiejwi

In ramon company, treasury stock increased $20,000 from a cash purchase, and retained earnings increased $80,000 as a result of net income of $120,000 and cash dividends paid of $40,000. net cash used by financing activities is:
a) $20,000
b) $40,000
c) $120,000
d) $60,000

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