Marigold's Vegetable Market had the following transactions during 2020: 1. Issued $46000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22600. 3. Acquired land by issuing common stock of par value $100000. 4. Declared and paid a cash dividend of $1900. 5. Sold a long-term investment (cost $3300) for cash of $7900. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided used by investing activities? O ($7400) O $28600 O $7900 O $15300

Marigold's Vegetable Market had the following transactions during 2020: 1. Issued $46000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22600. 3. Acquired land by issuing common stock of par value $100000. 4. Declared and paid a cash dividend of $1900. 5. Sold a long-term investment (cost $3300) for cash of $7900. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided used by investing activities? O ($7400) O $28600 O $7900 O $15300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Current Attempt in Progress Oriole Company had the following transactions during 2025: 1. Issued $270000 of par value common stock for cash. 2. Recorded and paid salaries and wages expense of $114500. 3. Acquired land by issuing common stock valued at $100000. 4. Declared and paid a cash dividend of $17000. 5. Sold land (cost $6000) for cash of $6000. 6. Recorded cash sales of $850000. 7. Bought inventory for cash of $274000. 8. Acquired equipment for cash of $42800. 9. Converted bonds payable to common stock in the amount of $1000000. 10. Repaid a 6-year note payable in the amount of $445000. What is the net cash provided by operating activities? $675000. O $676000. O $461500. O $576000. **
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