Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN: 9781285595047
Author: Weil
Publisher: Cengage
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In the Tabb Company, Treasury Stock increased $15,000 from a cash
purchase, and Retained Earnings increased $40,000 as a result of net
income of $62,000 and cash dividends paid of $22,000. Net cash used by
financing activities is:
a. $15,000.
b. $22,000.
c. $55,000.
d. $37,000.
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Transcribed Image Text:Question: In the Tabb Company, Treasury Stock increased $15,000 from a cash purchase, and Retained Earnings increased $40,000 as a result of net income of $62,000 and cash dividends paid of $22,000. Net cash used by financing activities is: a. $15,000. b. $22,000. c. $55,000. d. $37,000.
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