Marigold's Vegetable Market had the following transactions during 2020: 1. Issued $46000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22600. 3. Acquired land by issuing common stock of par value $100000. 4. Declared and paid a cash dividend of $1900. 5. Sold a long-term investment (cost $3300) for cash of $7900. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided used by investing activities? O ($7400) O $28600 O $7900 O $15300

Marigold's Vegetable Market had the following transactions during 2020: 1. Issued $46000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22600. 3. Acquired land by issuing common stock of par value $100000. 4. Declared and paid a cash dividend of $1900. 5. Sold a long-term investment (cost $3300) for cash of $7900. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided used by investing activities? O ($7400) O $28600 O $7900 O $15300

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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