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Financial Accounting questions, need answer 1)Zoum Corporation had the following

ID: 2374411 • Letter: F

Question

Financial Accounting questions, need answer


1)Zoum Corporation had the following transactions during 2014: l. Issued $125,000 of par value common stock for cash. 2. Recorded and paid wages expense of $60,000 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $10,000 5. Sold a long-term investment cost $3,000) for cash of $3,000. 6. Recorded cash sales of $400,000 7. Bought inventory for cash of $160,000. 8. Acquired an investment in Zynga stock for cash of $21, 000. 9. Converted bonds payable to common stock in the amount of $500,000 10. Repaid a 6 year note payable in the amount of $220, 000. What is the net cash provided by operating activities? a. $305, 000 lb. $290,000 c. $240,000 d. $180,000

Explanation / Answer

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