Question

A company had the following transactions during the year: 1. Issued $250,000 of par value common stock for cash. 2. Recorded and paid wages expense of $120,000. 3. Acquired land by issuing common stock of par value $1,000,000. 4. Declared and paid a cash dividend of $20,000. 5. Sold a long-term investment (cost $6,000) for cash of $6,000. 6. Recorded cash sales of $800,000. 7. Bought inventory for cash of $320,000. 8. Acquired an investment in another company's stock for cash of $42,000. 9. Converted bonds payable to common stock in the amount of $1,000,000. 10. Repaid a 6-year note payable in the amount of $440,000. What is the net cash provided by investing activities

Answer 1

Net cash provided by investing activities determination

Step-by-step explanation:

Investing Activities involve the Sourcing of Capital and repayment of the Capital and Return to Holders of Sources of Finance.

Thus, Consider events which Source Capital (Involving Cash) and providing repayment of the Capital and Return to Holders of Sources of Finance.