Reference no: EM131318537
Wilma's Vegetable Market had the following transactions during 2012:
1. Issued $25,000 of par value common stock for cash.
2. Recorded and paid wages expense of $10,000.
3. Acquired land by issuing common stock of par value $50,000.
4. Declared and paid a cash dividend of $1,000.
5. Sold a long-term investment (cost $3,000) for cash of $3,000.
6. Recorded cash sales of $20,000.
7. Bought inventory for cash of $2,000.
8. Acquired an investment in IBM stock for cash of $6,000.
9. Converted bonds payable to common stock in the amount of $10,000.
10. Repaid a 6 year note payable in the amount of $11,000.
What is the net cash provided by financing activities?
A) $13,000.
B) $25,000.
C) $14,000.
D) $9,000.
Please explain why. Thank you.
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