Jean’s Vegetable Market had the following transactions during 2019: 1. Issued RM50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of RM22,000. 3. Acquired land by issuing common stock of par value RM100,000. 4. Declared and paid a cash dividend of RM2,000. 5. Sold a long-term investment (cost RM3,000) for cash of RM8,000. 6. Acquired an investment in IBM stock for cash of RM15,000. What is the net cash provided (used) by investing activities?
Jean’s Vegetable Market had the following transactions during 2019: 1. Issued RM50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of RM22,000. 3. Acquired land by issuing common stock of par value RM100,000. 4. Declared and paid a cash dividend of RM2,000. 5. Sold a long-term investment (cost RM3,000) for cash of RM8,000. 6. Acquired an investment in IBM stock for cash of RM15,000. What is the net cash provided (used) by investing activities?
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1.
Whispering Winds Corp. had the following transactions during2017:
1. Issued $230000 of par value common stock for cash.
2. Recorded and paid wages expense of $110400.
3. Acquired land by issuing common stock of par value $92000.
4. Declared and paid a cash dividend of $18400.
5. Sold a long-term investment (cost $5520) for cash of$5520.
6. Recorded cash sales of $736000.
7. Bought inventory for cash of $294400.
8. Acquired an investment in Zynga stock for cash of $38640.
9. Converted bonds payable to common stock in the amount of$920000.
10. Repaid a 6-year note payable in the amount of $404800.
What is the net cash provided by operating activities?
a. $331200. |
b. | $561200. |
c. | $441600. |
d. | $533600. |
2.
During 2017, Nash's Trading Post, LLC sold equipment with a bookvalue of $67200 for proceeds of $81200. The company purchased newequipment for $179200 by signing a long-term note payable. No othertransactions impacted long-term asset accounts during 2017. Theinvesting section of the statement of cash flows will report
a. | net cash outflows of $165200. |
b. | net cash outflows of $98000. |
c. | net cash inflows of $81200. |
d. | net cash inflows of $14000. |