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McCorey Corporation recorded the following events last year: Repurchase by the company of its own common stock $37,000 Sale of long-term investment $56,000 Interest paid
McCorey Corporation recorded the following events last year: |
Repurchase by the company of its own common stock | $37,000 |
Sale of long-term investment | $56,000 |
Interest paid to lenders | $13,500 |
Dividends paid to the company's shareholders | $66,000 |
Collection by McCorey of a loan made to another company | $42,000 |
Payment of taxes to governmental bodies | $23,500 |
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: |
a. $116,500
b. $(196,000)
c. $238,000
d. $(103,000)
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