Question: Texas Inc sold common stock for 560 000 and preferred stock

Texas, Inc., sold common stock for $560,000 and preferred stock for $36,000 during the cur-rent year. In addition, the company purchased treasury stock for $35,000 and paid dividends on common and preferred stock for $24,000. Determine the amount of cash provided by or used for financing activities during the year.


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  • CreatedApril 17, 2014
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