Texas inc. sold common stock for 560000 and preferred, Ask an Expert

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Texas, Inc., sold common stock for $ 560,000 and preferred stock for $ 36,000 during the cur-rent year. In addition, the company purchased treasury stock for $ 35,000 and paid dividends on common and preferred stock for $ 24,000. Determine the amount of cash provided by or used for financing activities during the year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M969205

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