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What is the net cash provided by investing activities

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Reference no: EM132182091

Question - Zoum Corporation 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 Zynga 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?

a. $864,000.

b. $424,000.

C. ($36,000).

d. ($136,000).

Reference no: EM132182091

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