McCorey Corporation recorded the following events last year:
|Repurchase by the company of its own common stock||$||24,000|
|Sale of long-term investment||$||43,000|
|Interest paid to lenders||$||7,000|
|Dividends paid to the company's shareholders||$||53,000|
|Collection by McCorey of a loan made to another company||$||29,000|
|Payment of taxes to governmental bodies||$||17,000|
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) financing activities on the statement of cash flows would be:
|Repurchase by the company of its own common stock||- $ 24,000|
|Dividends paid to the company's shareholders||- $53,000|
|Net Cash Used by Financing Activities||- $77,000|
1)All the other mentioned activities are either from operatiang or investing activities, hence not included in above computation.
2) For your reference i am classifying activities as below:
|Sale of long-term investment||Investin.|
|Interest paid to lenders||Operating|
|Collection by McCorey of a loan made to another company||Investing|
|Payment of taxes to governmental bodies||Operating|
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