Question: Pig Builder's, Inc. shows the following as of December 31, 2012. - Acquired 50% of Wolf Corp's common stock for $160,000 cash which was borrowed from Granny's Bank. - Issued 5,000 shares of its preferred stock for land having a fair market value of $320,000 - Issued 500 of its 11% debenture bonds, due 2017, for $392,000 cash - Paid $120,000 toward bank loan. - Purchased a patent for $220,000 cash - Sold available for sales securities for $796,000 - Recognized $88,000 net increase in returnable long term customer deposits Pig's net cash provided by investing activities for 2012 is: a) $476,000. b) $636,000. c) $316,000. d) $416,000.
Question: Pig Builder's, Inc. shows the following as of December 31, 2012. - Acquired 50% of Wolf Corp's common stock for $160,000 cash which was borrowed from Granny's Bank. - Issued 5,000 shares of its preferred stock for land having a fair market value of $320,000 - Issued 500 of its 11% debenture bonds, due 2017, for $392,000 cash - Paid $120,000 toward bank loan. - Purchased a patent for $220,000 cash - Sold available for sales securities for $796,000 - Recognized $88,000 net increase in returnable long term customer deposits Pig's net cash provided by investing activities for 2012 is: a) $476,000. b) $636,000. c) $316,000. d) $416,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Pig Builder's, Inc. shows the following as of December 31, 2012.
- Acquired 50% of Wolf Corp's common stock for $160,000 cash which was
borrowed from Granny's Bank.
- Issued 5,000 shares of its preferred stock for land having a fair market value of
$320,000
- Issued 500 of its 11% debenture bonds, due 2017, for $392,000 cash
- Paid $120,000 toward bank loan.
- Purchased a patent for $220,000 cash
- Sold available for sales securities for $796,000
- Recognized $88,000 net increase in returnable long term customer deposits
Pig's net cash provided by investing activities for 2012 is:
a) $476,000.
b) $636,000.
c) $316,000.
d) $416,000.
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