Question
Bramble Corp. had the following transactions during 2017: 1. Issued $245000 of par value common stock for cash. 2. Recorded and paid wages expense of
Bramble Corp. had the following transactions during 2017: 1. Issued $245000 of par value common stock for cash. 2. Recorded and paid wages expense of $117600. 3. Acquired land by issuing common stock of par value $98000. 4. Declared and paid a cash dividend of $19600. 5. Sold a long-term investment (cost $5880) for cash of $5880. 6. Recorded cash sales of $784000. 7. Bought inventory for cash of $313600. 8. Acquired an investment in Zynga stock for cash of $41160. 9. Converted bonds payable to common stock in the amount of $980000. 10. Repaid a 6-year note payable in the amount of $431200. What is the net cash provided by operating activities?
$568400.
$352800.
$470400.
$597800.
guys, I would really appreciate an explanation on the calculations as well!!
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