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McCorey Corporation recorded the following events last year: Repurchase by the company of its own common stock Sale of long-term investment Interest paid to
McCorey Corporation recorded the following events last year: Repurchase by the company of its own common stock Sale of long-term investment Interest paid to lenders Dividends paid to the company's shareholders Collection by McCorey of a loan made to another company Payment of taxes to governmental bodies $60,000 $55,000 $15,000 $70,000 $75,000 $50,000 Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be: $(70,000) $70,000 $(130,000) $130,000
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