FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Marigold Corp.had the following transactions during 2022:
1. Issued $257500 of par value common stock for cash.
2. Recorded and paid wages expense of $123600.
3. Acquired land by issuing common stock of par value $103000.
4. Declared and paid a cash dividend of $20600.
5. Sold a long-term investment (cost $6180) for cash of $6180.
6. Recorded cash sales of $824000.
7. Bought inventory for cash of $329600.
8. Acquired an investment in Zynga stock for cash of $43260.
9. Converted bonds payable to common stock in the amount of $1030000.
10. Repaid a 6-year note payable in the amount of $453200.
What is the net cash provided by investing activities?
$436720
($140080).
$889920.
($37080).
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