Question

In Waterway Company, Treasury Stock increased $20400 from a cash purchase, and Retained Earnings increased $80200 as a result of net income of $121000 and cash dividends paid of $39500. Net cash used by financing activities is:

Answer 1

Answer:

$59,900

Explanation:

Cash flow from Financing activities

Particulars                                                Amount

Cash paid for treasury stock                  $20,400

Cash dividends                                        $39,500

Net cash used by financing activities  $59,900