During the year, ABC Corporation's Treasury Stock account
increased $46,000 due to a cash purchase, cash dividends of $42,000
were paid and the company reported net income of $200,000. On the
statement of cash flows (indirect method), Net cash used by
financing activities is:
Select one:
a. ($88,000).
b. ($112,000).
c. ($154,000).
d. ($158,000).
Please Solve As soon as
Solve quickly I get you two UPVOTE directly
Thank's
Abdul-Rahim Taysir
Notes:
1.increase in stock given is deducted from net income this gives you cash flow from operation activities
2.Dividend paid is an financing activity so, deducted from cash generated from operating activities
3.There is no investing activities in given question
So answer is b.$112000
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