(SOLVED) Nen Mexico Inc sold common stock for 560 000 and preferred


Question Description:

$19

Nen Mexico, Inc., sold common stock for $560,000 and preferred stock for $56,000 during the current year. In addition, the company purchased treasury stock for $47,000 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.

Answer

$19