Blue Company had the following transactions during 2008: 1. Issued $45,000 of par value common stock for
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Question:
Blue Company had the following transactions during 2008: 1. | Issued $45,000 of par value common stock for cash. |
2. | Repaid a 6 year note payable in the amount of $13,000. |
3. | Acquired land by issuing common stock of par value $60,000. |
4. | Declared and paid a cash dividend of $2,000. |
5. | Sold a long-term investment (cost $3,000) for cash of $7,000. |
6. | Acquired a long-term investment in stock for cash of $5,000. |
What is the net cash provided by investing activities? | |
A) | $6,000 |
B) | $16,000 |
C) | ($3,000) |
D) | $2,000 |
Posted Date: