During the Year, Lady Liberty Corporation's Treasury Stock Account Increased

question 62

Multiple Choice

During the year, Lady Liberty Corporation's Treasury Stock account increased $55,000 due to a cash purchase, cash dividends of $45,000 were paid and the company reported net income of $180,000. On the statement of cash flows (indirect method) , Net cash used by financing activities is:

• A)($100,000).
• B)($80,000).
• C)($125,000).
• D)($135,000).

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Definitions:

Teamwork

The collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.

Synergy

The increased effectiveness achieved when individuals or groups work collaboratively, producing a combined effect greater than the sum of their separate effects.

Organisational Work

Activities and tasks performed within an organization to achieve its objectives, including both individual and collaborative efforts.

Camaraderie

A spirit of friendship, trust, and mutual respect among members of a group, creating a positive and cooperative working environment.