Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 54

Nen Mexico, Inc., sold common stock for $560,000 and preferred stock for $56,000 during the current year.n addition, the company purchased treasury stock for $47,000 and paid dividends on common and preferred stock for $24,000.etermine the amount of cash provided by or used for financing activities during the year.