Question
The following information is for Byrne Dareid Company: 20X2 20X1 Loans Payable $10,000 $20,000 Retained Earnings 85,000 78,000 Common Stock 25,000 17,000 Net Income 18,000
The following information is for Byrne Dareid Company:
| 20X2 | 20X1 | |
| Loans Payable | $10,000 | $20,000 |
| Retained Earnings | 85,000 | 78,000 |
| Common Stock | 25,000 | 17,000 |
| Net Income | 18,000 | 20,000 |
| Net cash paid for financing activities | 27,000 | 21,000 |
Using this information, compute the cash paid to repurchase shares of stock in 20X2.
$19,000 $10,000 $5,000 $14,000 $21,000
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
