Whispering Winds Corp.had the following transactions during 2022: 1. Issued $182500 of par value common stock for cash. 2. Recorded and paid wages expense of $87600. 3. Acquired land by issuing common stock of par value $73000. 4. Declared and paid a cash dividend of $14600. 5. Sold a long-term investment (cost $4380) for cash of $4380. 6. Recorded cash sales of $584000. 7. Bought inventory for cash of $233600. 8. Acquired an investment in Zynga stock for cash of $30660. 9. Converted bonds payable to common stock in the amount of $730000. 10. Repaid a 6-year note payable in the amount of $321200. What is the net cash provided by investing activities?
Whispering Winds Corp.had the following transactions during 2022: 1. Issued $182500 of par value common stock for cash. 2. Recorded and paid wages expense of $87600. 3. Acquired land by issuing common stock of par value $73000. 4. Declared and paid a cash dividend of $14600. 5. Sold a long-term investment (cost $4380) for cash of $4380. 6. Recorded cash sales of $584000. 7. Bought inventory for cash of $233600. 8. Acquired an investment in Zynga stock for cash of $30660. 9. Converted bonds payable to common stock in the amount of $730000. 10. Repaid a 6-year note payable in the amount of $321200. What is the net cash provided by investing activities?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Whispering Winds Corp.had the following transactions during 2022:
1. Issued $182500 of par value common stock for cash.
2. Recorded and paid wages expense of $87600.
3. Acquired land by issuing common stock of par value $73000.
4. Declared and paid a cash dividend of $14600.
5. Sold a long-term investment (cost $4380) for cash of $4380.
6. Recorded cash sales of $584000.
7. Bought inventory for cash of $233600.
8. Acquired an investment in Zynga stock for cash of $30660.
9. Converted bonds payable to common stock in the amount of $730000.
10. Repaid a 6-year note payable in the amount of $321200.
What is the net cash provided by investing activities?
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