McCorey Corporation recorded the following events last year: Repurchase of own common stock by the company 41.000
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Question:
McCorey Corporation recorded the following events last year:
Repurchase of own common stock by the company | 41.000 $ |
Long-term investment sale | 60.000 $ |
Interest paid to lenders | $15,500 |
Dividends paid to company shareholders | 70.000 $ |
Collection by McCorey of a loan made to another company | 46.000 $ |
Payment of taxes to government agencies | $25,500 |
In the cash flow statement, some of these events are classified as operating activities, some as investment activities, and some as financing activities. |
Based on the above information alone, calculate the net cash provided (used) by investing activities in the cash flow statement. |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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