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Can you help me with these questions with steps. View Policies Current Attempt in Progress Pina Colada Corp. had the following transactions during 2022: 1.
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View Policies Current Attempt in Progress Pina Colada Corp. had the following transactions during 2022: 1. Issued $275000 of par value common stock for cash. 2. Recorded and paid wages expense of $132000. 3. Acquired land by issuing common stock of par value $110000. 4. Declared and paid a cash dividend of $22000. 5. Sold a long-term investment (cost $6600) for cash of $6600. 6. Recorded cash sales of $880000. 7. Bought inventory for cash of $352000. 8. Acquired an investment in Zynga stock for cash of $46200. 9. Converted bonds payable to common stock in the amount of $1100000. 10. Repaid a 6-year note payable in the amount of $484000. What is the net cash provided by operating activities? O $671000. O $638000. O $528000. O $396000. Current Attempt in Progress Wildhorse Co.had the following transactions during 2022: 1. Issued $257500 of par value common stock for cash. 2. Recorded and paid wages expense of $123600. 3. Acquired land by issuing common stock of par value $103000. 4. Declared and paid a cash dividend of $20600. 5. Sold a long-term investment (cost $6180) for cash of $6180. 6. Recorded cash sales of $824000. 7. Bought inventory for cash of $329600. 8. Acquired an investment in Zynga stock for cash of $43260. 9. Converted bonds payable to common stock in the amount of $1030000. 10. Repaid a 6-year note payable in the amount of $453200. What is the net cash provided by investing activities? O $889920. O $436720 O $37080). O ($140080). If a worksheet is used to facilitate the preparation of the statement of cash flows, noncash transactions should be omitted because the worksheet is only for cash transactions. O be marked with asterisks. O not be distinguished from cash transactions. O not be included because they are for investing and financing activitiesStep by Step Solution
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