Waterway’s Vegetable Market had the following transactions during 2020: 1. Issued $50000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22200. 3. Acquired land by issuing common stock of par value $99000. 4. Declared and paid a cash dividend of $2200. 5. Sold a long-term investment (cost $3100) for cash of $7500. 6. Acquired an investment in IBM stock for cash of $14800. What is the net cash provided (used) by investing activities? a. ($7300) b. $7500 c. $33100 d. $14800
Waterway’s Vegetable Market had the following transactions during 2020: 1. Issued $50000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22200. 3. Acquired land by issuing common stock of par value $99000. 4. Declared and paid a cash dividend of $2200. 5. Sold a long-term investment (cost $3100) for cash of $7500. 6. Acquired an investment in IBM stock for cash of $14800. What is the net cash provided (used) by investing activities? a. ($7300) b. $7500 c. $33100 d. $14800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Waterway’s Vegetable Market had the following transactions during 2020:
1. Issued $50000 of par value common stock for cash.
2. Repaid a 6 year note payable in the amount of $22200.
3. Acquired land by issuing common stock of par value $99000.
4. Declared and paid a cash dividend of $2200.
5. Sold a long-term investment (cost $3100) for cash of $7500.
6. Acquired an investment in IBM stock for cash of $14800.
What is the net cash provided (used) by investing activities?
1. Issued $50000 of par value common stock for cash.
2. Repaid a 6 year note payable in the amount of $22200.
3. Acquired land by issuing common stock of par value $99000.
4. Declared and paid a cash dividend of $2200.
5. Sold a long-term investment (cost $3100) for cash of $7500.
6. Acquired an investment in IBM stock for cash of $14800.
What is the net cash provided (used) by investing activities?
a. ($7300)
b. $7500
c. $33100
d. $14800
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