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Lucas Company recorded the following events last year: Repurchase by Lucas of its own common stock $33,000 Sale of long-term investment $52,000 Interest paid to
Lucas Company recorded the following events last year: |
Repurchase by Lucas of its own common stock | $33,000 |
Sale of long-term investment | $52,000 |
Interest paid to lenders | $11,500 |
Cash dividends paid to the company's shareholders | $62,000 |
Collection by Lucas of a loan made to another company | $38,000 |
Payment of taxes to governmental bodies | $21,500 |
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: |
$(95,000)
$218,000
$(180,000)
$106,500
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