Zoum Corporation had the following transactions during 2014:
Zoum Corporation had the following transactions during 2014:
PLDZ-4351
Free
In Stock
Free Download!
Description
Zoum Corporation had the following transactions during 2014:
https://uopcourses.com/category/acc-291/
Zoum Corporation had the following transactions during 2014:
- Issued $125,000 of par value common stock for cash.
- Recorded and paid wages expense of $60,000.
- Acquired land by issuing common stock of par value $50,000.
- Declared and paid a cash dividend of $10,000.
- Sold a long-term investment (cost $3,000) for cash of $3,000.
- Recorded cash sales of $400,000.
- Bought inventory for cash of $160,000.
- Acquired an investment in Zynga stock for cash of $21,000.
- Converted bonds payable to common stock in the amount of $500,000.
- Repaid a 6 year note payable in the amount of $220,000.
What is the net cash provided by financing activities?
$395,000.
$<605,000>.
$<105,000>.
$115,000.
Zoum Corporation had the following transactions during 2014:
https://uopcourses.com/category/acc-291/
Zoum Corporation had the following transactions during 2014:
Issued $125,000 of par value common stock for cash.
Recorded and paid wages e