Question
McCorey Corporation recorded the following events last year: Repurchase by the company of its own common stock $ 26,000 Sale of long-term investment $ 45,000
McCorey Corporation recorded the following events last year:
| Repurchase by the company of its own common stock | $ 26,000 |
|---|---|
| Sale of long-term investment | $ 45,000 |
| Interest paid to lenders | $ 8,000 |
| Dividends paid to the company's shareholders | $ 55,000 |
| Collection by McCorey of a loan made to another company | $ 31,000 |
| Payment of taxes to governmental bodies | $ 18,000 |
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) investing activities on the statement of cash flows would be:
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Sawyer's Internal Auditing The Practice Of Modern Internal Auditing
Authors: Lawrence Sawyer, Mortimer Dittenhofer, James Scheiner
5th Edition
0894131788, 978-0894131783
