Question

Waterway’s Vegetable Market had the following transactions during 2017: 1. Issued $50000 of par value common...

Waterway’s Vegetable Market had the following transactions during 2017:

1. Issued $50000 of par value common stock for cash.
2. Repaid a 6 year note payable in the amount of $23400.
3. Acquired land by issuing common stock of par value $100000.
4. Declared and paid a cash dividend of $1500.
5. Sold a long-term investment (cost $2700) for cash of $7800.
6. Acquired an investment in IBM stock for cash of $15400.

What is the net cash provided used by investing activities?

$30800

$7800

$15400

($7600)

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
SR NO. PARTICULARS ACTIVITY
1 ISSUE OF STOCK FINANCING
2 NOTE PAYABLE FINANCING
3 ACQUIRED LAND BY COMMON STOCK NON CASH ACTIVITY
4 CASH DIVIDEND PAID FINANCING
5 SALE OF LONG TERM INVST INVESTING
6 PURCAHSE OF INVESTMENT INVESTING
NET CASH FLOW FROM INVESTING ACTIVITY
SR NO. PARTICULARS AMOUNT
5 SALE OF LONG TERM INVESTMENT 7800
6 ACQUIRED INVESTMENT OF IBM STOCK -15400
NET CASH FLOW FROM INVESTING ACTIVITY -7600
SO OPTION D ($7600) IS CORRECT
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
MG Co. had the following transactions during 2018: 1.Issued $50,000 of par value common stock for...
MG Co. had the following transactions during 2018: 1.Issued $50,000 of par value common stock for cash. 2. Repaid a 4 year note payable in the amount of $22,000. 3. Acquired building by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $7,000. 5. Sold a long-term investment (cost $3,000) for cash of $6,000. 6. Acquired an investment in IGG stock for cash of $10,000. What is the net cash provided by financing activities?...
Refer to the following transactions: 1. Issued 540 shares of $80 par value preferred stock at...
Refer to the following transactions: 1. Issued 540 shares of $80 par value preferred stock at par. 2. Issued 640 shares of $80 par value preferred stock in exchange for land that had an appraised value of $81,600. 3. Issued 19,000 shares of $4 par value common stock for $10 per share. 4. Purchased 4,750 shares of common stock for the treasury at $10 per share. 5. Sold 1,900 shares of the treasury stock purchased in transaction d for $12...
Motor SportsMotor Sports?, Inc. identified the following selected transactions that occurred during the year ended December?...
Motor SportsMotor Sports?, Inc. identified the following selected transactions that occurred during the year ended December? 31,2018?: a.??Issued 900 shares of $6 par common stock for cash of $20,000. b.??Issued 5,200 shares of $6 par common stock for a building with a fair market value of $93,000. c.??Purchased new truck with a fair market value of $33,000. Financed it? 100% with a? long-term note. d. Retired? short-term notes of $19,000 by issuing 2,500 shares of $6 par common stock. e.??Paid?...
During 20X1, Craig Company had the following transactions: A. Purchased $200,500 of 10-year bonds issued by...
During 20X1, Craig Company had the following transactions: A. Purchased $200,500 of 10-year bonds issued by Makenzie Inc. B. Acquired land valued at $69,200 in exchange for machinery. C. Sold equipment with original cost of $539,700 for $330,100; accumulated depreciation taken on the equipment to the point of sale was $179,700. D. Purchased new machinery for $120,300. E. Purchased common stock in Lemmons Company for $55,800. Required: 1. Prepare the net cash from investing activities section of the statement of...
During 2015, Shorts Company had the following transactions: A. Purchased $200,700 of 10-year bonds issued by...
During 2015, Shorts Company had the following transactions: A. Purchased $200,700 of 10-year bonds issued by Makenzie Inc. B. Acquired land valued at $69,200 in exchange for machinery. C. Sold equipment with original cost of $539,600 for $330,500; accumulated depreciation taken on the equipment to the point of sale was $179,900. D. Purchased new machinery for $120,500. E. Purchased common stock in Lemmons Company for $56,000. Required: 1. Prepare the net cash from investing activities section of the statement of...
Instructions: Journalize the following transactions for Rich Company. 1.  Issued 7,000 shares of no-par common stock.  The market...
Instructions: Journalize the following transactions for Rich Company. 1.  Issued 7,000 shares of no-par common stock.  The market price of the stock is $12 per share. 2.  Issued 3,000 shares of 5%, $100 par, cumulative preferred stock for $122 per share. 3.  Declared dividends on preferred dividend of 5% per share. 4.  Purchased 500 shares of common stock at $14 for treasury. 5.  Paid preferred dividend declared in #3.
In 2020, Swifty Inc. issued 1,200 shares of $10 par value common stock for land worth...
In 2020, Swifty Inc. issued 1,200 shares of $10 par value common stock for land worth $35,500. (a) Prepare Swifty’s journal entry to record the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit select an account title     Cash    Common Stock    Land    No Entry    Paid-in Capital in Excess of Par—Common Stock    Paid-in Capital in Excess...
On January 1, Pharoah Corporation had 97,500 shares of no-par common stock issued and outstanding. The...
On January 1, Pharoah Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 Issued 23,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 Issued 1,500 additional shares of common stock for $19 per...
Belle Co. issued 1,000 shares of privately held common stock, $1 par and paid cash of...
Belle Co. issued 1,000 shares of privately held common stock, $1 par and paid cash of $50,000 to purchase land with a fair value of $200,000. The fair value of the common stock is not readily determinable. What is the impact on the statement of cash flows including any required disclosures? Select one: a. Investing cash outflow of $200,000; Financing cash inflow of $150,000; Noncash disclosure of a $200,000 exchange of common stock for land. b. Investing cash outflow of...
On January 1, 2017, Culver Corporation had these stockholders’ equity accounts. Common Stock ($10 par value,...
On January 1, 2017, Culver Corporation had these stockholders’ equity accounts. Common Stock ($10 par value, 81,500 shares issued and outstanding) $815,000 Paid-in Capital in Excess of Par Value 483,000 Retained Earnings 620,000 During the year, the following transactions occurred. Jan. 15 Declared a $0.70 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 10% stock dividend to stockholders of record on April...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT