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In Polk 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
In Polk 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: Select one: A. $20,000. 0 B. $40,000 C. $120,000 D. $60,000 0 E. None of the above The following data are available for Deli Corporation. Net income $200,000 Depreciation expense 60,000 Dividends paid 90.000 Loss on sale of land 15,000 Decrease in accounts receivable 10.000 Decrease in accounts payable 45.000 Net cash provided by operating activities is: Select one: A. $140,000 0 B. $260.000. C. $160.000 D. $240,000 E. None of the above
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