Coronado's Organic Produce Market had the following transactions during 2022: 1. Issued $48000 of common stock at par for cash. 2. Repaid a 6 year note payable in the amount of $22900. 3. Acquired land by issuing common stock at par for $95000. 4. Declared and paid a cash dividend of $1500. 5. Sold a long-term investment (cost $2900) for cash of $8200. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided (used) by investing activities?

Coronado's Organic Produce Market had the following transactions during 2022: 1. Issued $48000 of common stock at par for cash. 2. Repaid a 6 year note payable in the amount of $22900. 3. Acquired land by issuing common stock at par for $95000. 4. Declared and paid a cash dividend of $1500. 5. Sold a long-term investment (cost $2900) for cash of $8200. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided (used) by investing activities?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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am. 63.
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