During the year, New Liberty Corporation's treasury stock increased $30,000 from a cash purchase, cash dividends paid totaled $44,000 and the company reported net income of $220.000. Net cash used by financing activities is:

Question

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Net cash used by financing activities is calculated by adding the cash used to purchase treasury stock ($30,000) and the cash dividends paid ($44,000), totaling $74,000.

During the Year, New Liberty Corporation's Treasury Stock Increased $30,000