During the year, Lady Liberty Corporation's treasury stock increased $50,000 from a cash purchase of stock, cash

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During the year, Lady Liberty Corporation's treasury stock increased $50,000 from a cash purchase of stock, cash dividends were paid totaling $44,000 and the company reported net income of $200,000.

Show your calculations and give the amount of Net Cash USED by Financing Activities on the statement of cash flows (indirect method).

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Jun 29, 2018 11:30 AM

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During the year, Lady Liberty Corporation's treasury stock increased $50,000 from a cash purchase of stock, cash

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Intermediate Accounting

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