Multiple Choice Question 60 Tamarisk, Inc. had the following transactions during 2017: 1. Issued $260000 of par value common stock for cash. 2. Recorded and paid wages expense of $124800. 3. Acquired land by issuing common stock of par value $104000. 4. Declared and paid a cash dividend of $20800. 5. Sold a long-term investment (cost $6240) for cash of $6240. 6. Recorded cash sales of $832000. 7. Bought inventory for cash of $332800. 8. Acquired an investment in Zynga stock for cash of $43680. 9. Converted bonds payable to common stock in the amount of $1040000. 10. Repaid a 6-year note payable in the amount of $457600. What is the net cash provided by operating activities? $374400. $634400. $603200. $499200.
Multiple Choice Question 60 Tamarisk, Inc. had the following transactions during 2017: 1. Issued $260000 of par value common stock for cash. 2. Recorded and paid wages expense of $124800. 3. Acquired land by issuing common stock of par value $104000. 4. Declared and paid a cash dividend of $20800. 5. Sold a long-term investment (cost $6240) for cash of $6240. 6. Recorded cash sales of $832000. 7. Bought inventory for cash of $332800. 8. Acquired an investment in Zynga stock for cash of $43680. 9. Converted bonds payable to common stock in the amount of $1040000. 10. Repaid a 6-year note payable in the amount of $457600. What is the net cash provided by operating activities? $374400. $634400. $603200. $499200.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Multiple Choice Question 60
Tamarisk, Inc. had the following transactions during 2017:
1. Issued $260000 of par value common stock for cash.
2. Recorded and paid wages expense of $124800.
3. Acquired land by issuing common stock of par value $104000.
4. Declared and paid a cash dividend of $20800.
5. Sold a long-term investment (cost $6240) for cash of $6240.
6. Recorded cash sales of $832000.
7. Bought inventory for cash of $332800.
8. Acquired an investment in Zynga stock for cash of $43680.
9. Converted bonds payable to common stock in the amount of $1040000.
10. Repaid a 6-year note payable in the amount of $457600.
What is the net cash provided by operating activities?
$374400.
$634400.
$603200.
$499200.
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