Joy Elle\'s Vegetable market had the following transactions during 201X: 1. Issu

Question

Joy Elle's Vegetable market had the following transactions during 201X: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22,000. 3. Acquired land by issuing common stock of par value $100,000. 4. Declared and paid a cash dividend of $2,000. 5. Sold a long-term investment (cost $63,000) for cash of $6,000. 6. Acquired an investment in IBM stock for cash of $12,000 What is the net cash provided by investing activities? Question 6 options: $6,000 $32,000 ($6,000) $12,000

Explanation / Answer

6000-12000 = -$ 6000 Option C

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