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.
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.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 32BE
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