McCorey Corporation recorded the following events last year: Repurchase by the company of its own common...
McCorey Corporation recorded the following events last year:
| Repurchase by the company of its own common stock | $ | 29,000 |
| Sale of long-term investment | $ | 48,000 |
| Interest paid to lenders | $ | 9,500 |
| Dividends paid to the company's shareholders | $ | 58,000 |
| Collection by McCorey of a loan made to another company | $ | 34,000 |
| Payment of taxes to governmental bodies | $ | 19,500 |
On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.
Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:
-
$198,000
-
$96,500
-
$(164,000)
-
$(87,000)
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McCorey Corporation recorded the following events last year:
Repurchase by the company of its own common...
McCorey Corporation recorded the following events last year: Repurchase by the company of its own common...
McCorey Corporation recorded the following events last year: Repurchase by the company of its own common stock $ 41,000 Sale of long-term investment $ 60,000 Interest paid to lenders $ 15,500 Dividends paid to the company's shareholders $ 70,000 Collection by McCorey of a loan made to another company $ 46,000 Payment of taxes to governmental bodies $ 25,500 On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities,...
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help me with this please.
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All-Star Automotive Company experienced the following accounting events during 2018: 1. Performed services for $14,700 cash. 2. Purchased land for $7,700 cash. 3. Hired an accountant to keep the books. 4. Received $37,000 cash from the issue of common stock. 5. Borrowed $9,400 cash from State Bank. 6. Paid $4,700 cash for salary expense. 7. Sold land for $9,400 cash. 8. Paid $3,700 cash on the loan from State Bank. 9. Paid $4.900 cash for utilities expense. 10. Paid a...
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