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KIM [24]
3 years ago
9

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:
Business
1 answer:
Verizon [17]3 years ago
4 0

Answer:

$59,900

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Explanation:

<u>Cash flow from Financing activities</u>

Particulars                                                Amount

Cash paid for treasury stock                  $20,400

Cash dividends                                        <u>$39,500</u>

Net cash used by financing activities  <u>$59,900</u>

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